'A' has been contributing to the EPF in his first organization 'X' since 1982 and left there to join 'Y' in 2008. His PF accumulations were transferred to 'Y'. He left 'Y' in 2014 and joined 'Z', retiring in 2015. His PF was settled, and he started receiving a pension from 2015. His services were extended in 'Z' with a new PF number, and both employee and employer PF contributions of 12% were credited to his new PF account without any sharing in EPS.
He applied for a higher pension option through the online portal of EPFO and received an acknowledgment number. He recently discovered that his second employer, 'Z', is now closed, and their PF registration has been surrendered. Due to this situation, his application for a higher pension may not be endorsed by 'Z' as there is no one available to access the employer portal or digitally approve the EPF communication regarding his application.
In this scenario, although he is eligible for a higher pension, the fate of his application is uncertain.
Expert opinions on this matter are welcomed.
From India, New Delhi
Acknowledge(0)
Amend(0)
He applied for a higher pension option through the online portal of EPFO and received an acknowledgment number. He recently discovered that his second employer, 'Z', is now closed, and their PF registration has been surrendered. Due to this situation, his application for a higher pension may not be endorsed by 'Z' as there is no one available to access the employer portal or digitally approve the EPF communication regarding his application.
In this scenario, although he is eligible for a higher pension, the fate of his application is uncertain.
Expert opinions on this matter are welcomed.
From India, New Delhi
Acknowledge(0)Amend(0)
In the second para of my above thread, please read "his second employer 'y' " instead of "second employer 'Z' "
From India, New Delhi
Acknowledge(0)Amend(0)
From India, New Delhi
Acknowledge(0)Amend(0)
If the employer is not available or the unit is closed, the EPFO will entertain hard copies of the option forms. If you have been contributing on a salary above Rs 15,000 (from 2008 to 2014 above Rs 6,500, as the case may be), you can give options offline. Since you have withdrawn the PF accumulations, which should have contained an element of the employer's share on a higher salary that ought to have gone to the pension fund, you will have to refund that amount to the EPFO with interest.
From India, Kannur
Acknowledge(0)Amend(0)
4526From India, Kannur
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Pension doubling to 2000 also shelved.QBiz_ EPFO Shelves Plan to Double Minimum Pension & More -.pdf