Pension Hike Update: There is good news for pensioners. If you also want to get more pension, then special facility is being given to you by the Central Government, after which the money you get every month will increase.
Those taking advantage of the Higher Pension Scheme have a chance to apply for it till June 26, that is, if you also want more money in your account, then you have a few more days left. In this, more than 12 lakh have applied so far.
EPFO gave information
Giving information, EPFO ​​has told that its employees should not face any kind of problem. For this reason, it has been decided to start the Higher Pension Scheme. On 4 November 2022, the Supreme Court gave an important decision regarding higher pension. For this, it was asked to choose a new option within four months.
Lumpsum amount may decrease
Let us tell you that if you opt for more pension, then by doing so the amount received after retirement may decrease, but your monthly pension will increase. Experts believe that this scheme has both advantages and disadvantages. If you have a few years left in your job, the employee’s focus should be on the lump sum amount.
How to apply for higher pension
->> For more pension first one has to go to e-seva portal. >> After this click on Pension on Higher Salary. >> Now you will reach the new page where you will see 2 options. >> Those who retire before September 1, 2014 will have to choose the first option. >> Apart from this, if you are still doing a job, then you have to choose another option. >> Details like UAN, name, date of birth, Aadhaar, mobile have to be filled. >> Now OTP will come on the mobile number linked to your Aadhaar, it has to be entered.
Pension was increased in 2014 last week.
EPFO had released the details of its process last week. It was informed that under the Employees’ Pension Scheme (EPS), the subscriber and his employer can jointly apply for higher pension. In November 2022, the Supreme Court upheld the Employees’ Pension Scheme, 2014.
Earlier, the EPS revision of August 22, 2014 raised the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. Also, members and their employers were allowed to contribute 8.33 per cent of their actual salary to the EPS. EPFO has issued circular to its field offices in this regard.
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