The EPFO (Employees’ Provident Fund Organisation) has asked 165,000 eligible members to pay additional contributions to qualify for a higher pension. This update was shared in Parliament by Minister of State for Labour & Employment, Shobha Karandlaje.
A total of 17.48 lakh applications were submitted by EPFO members and pensioners seeking a higher pension under the EPS (Employees’ Pension Scheme), 1995. This scheme allows employees to receive a larger pension by contributing more during their working years.
As of January 28, 2025, EPFO has issued demand notices in 1.65 lakh cases, informing members of the additional amounts they need to pay. So far, 21,885 pension payment orders have been processed and issued.
The government is actively monitoring pending cases and has issued guidelines to EPFO field offices to speed up application processing. The pension on higher wages is being granted based on a Supreme Court ruling from November 4, 2022.
To simplify the process, EPFO launched an online system for submitting and tracking applications. Members, pensioners, and employers could file validation and joint option applications from February 26, 2023. The deadlines were extended multiple times:
If you have applied for a higher pension, you can track your application online by following these steps:
By following these steps, EPFO members can stay updated on their higher pension applications.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 4, 2025, 2:19 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates