From India, Warangal






Again, if you have contributed on higher salary, in order to get higher pension you have to overcome a few other hurdles. The EPFO has interpreted the High Court of Kerala verdict and the Supreme Court verdict in this matter differently to cheat the members. They have started recovering amount over paid to those who are already getting higher pension. They are saying that higher pension will be availbale only to those who had given option in 2014. It was actually challenged in the court and the court has given time to give fresh options. But the EPFO has taken a new turn now. They have created a link in the portal but the same is not accessible to those who have not given option in 2014 or whose higher contribution options were not rejected by the EPFO.
Therefore, in order to know what will happen to you, you will have to wait for the fresh circulars from the EPFO.
From India, Kannur
Contributions on higher wages by employee & employer were made in between 16.11.1995 and 31.08.2014.
But from 01.09.2014 , employee contributions were made on higher wages whereas "employer contribution" limited to 12% of 15000 (550+1250). In this case eligibility for pension on higher wages during 16.11.995 to 31.08.2014 is existing or not? whether the employees are eligible for giving option ?
Thanks & Regards
Kiran Raj
From India, Mumbai
Now coming to the case of an employee who is still in service, the period prior to 2014 when he and his employer had paid contributions on higher salary is not relevant because it will be the salary of 60 months preceding the date of retirement that will be considered for pension. But the option that he and his employer will contribute on higher salary should be given now. Does any body know that he will be with the same employer tomorrow and whether the new employer will contribute on higher salary? No. But if the present employer is ready to give joint declaration, you should entertain that. If you do not give option, the chances of getting higher pension will close for ever.
From India, Kannur
Pls find the link of Registration request for application form for validation of joint options (Validation of joint options for the employees who had retired before 01.09.2014 and exercised joint option under para 11(3) of EPS Scheme prior to 01.09.2014)
https://unifiedportal-mem.epfindia.g...InterfacePohw/
Pls note that duly signed joint declaration is necessary.
From India, Thane
The employee was joined in Jan-2014 and his basic is 14000 as on today. Now, if the present employer agreed to contribute PF on higher wages to the employee.
My question is he eligible for higher pension or not in future / present.
From India, Warangal
From India, Kannur
From India, Warangal
From India, Kannur