EPFO New Guidelines 2023: Employees’ Provident Fund Organization can cut the pension of more than 25 thousand pensioners. According to a report in Money9, the EPFO has ordered its local authorities to stop the higher pension of pre-2014 retired employees. The additional amount given to these employees under deduction in pension will also be recovered.
EPFO New Guidelines 2023
Employees’ Provident Fund Organization New Guidelines 2023
The Employees’ Provident Fund Organization had recently issued a circular to review the cases of retired employees who had not opted for higher pension before September 1, 2014. According to EPFO guidelines, employees will now have to deposit an amount equal to 8.33 per cent of their actual salary in EPS. Its maximum limit will be Rs 15,000 per month.
These people will get less pension in Employees’ Provident Fund Organization
EPFO opens a new window. This Employees’ Provident Fund Organization is for such employees who, while being a member of EPFO EPS at the time of their employment, have contributed towards pension on more than the salary limit of Rs 5000 or Rs 6500.
Being a shareholder of the Employees’ Provident Fund Organisation, who while being a member of EPS-95, has exercised the combined option of the pre-revised scheme under EPS. Or those EPFO subscribers who had opted for such option but were denied by EPFO.
How to apply in EPFO: EPFO New Guidelines 2023
EPFO says that if the eligible people want to get more pension, then for this they will have to go to the regional office of EPFO. You will have to go there and fill the application form. Along with this, proper documents will also have to be submitted. Some things have to be kept in mind while filling the application form in Employees’ Provident Fund Organization
These documents will be needed in Employees’ Provident Fund Organization
- Proof of joint option u/s 26(6) attested by employer of EPFO scheme
- Proof of joint option u/s 11(3) attested by the employer
- proof of deposit
- Proof of deposit in Pension Fund on salary exceeding the salary limit of Rs.5,000 or Rs.6,500
- Written proof of refusal from APFC or any other
This service of EPFO has stopped: EPFO New Guidelines 2023
The e-passbook facility of the Employees’ Provident Fund Organization (EPFO) is stuck. Due to server down, many account holders are currently unable to access it. Sharing screenshots on different platforms of social media, many account holders wrote that when they are trying to open their passbook, error is coming on the website. Many users have complained about the non-availability of Employees’ Provident Fund Organization e-passbook facility on social media platforms.
Employees’ Provident Fund Organization News 2023
One user wrote on Twitter, ‘As usual EPFO’s website (passbook) is not working. Tried with all three different browsers. This user also tagged the Twitter handle of the Ministry of Labour. Apart from this, another user wrote that the Employees’ Provident Fund Organization passbook portal is down for the last 7 days.
EPFO told when the service will start
However, EPFO has flashed a message on its website that the facility of e-passbook will be available from 5 pm today. Meanwhile, according to the Employees’ Provident Fund Organization’s circular dated 29 December 2022, the Central Government has directed to implement the instructions given in the order of the Supreme Court.
Employees’ Provident Fund Organization Latest Update
Please tell that the court has abolished the limit of monthly salary of Rs 15,000 to join the pension fund. In the 2014 amendment in EPFO, the maximum pensionable salary (including basic pay and dearness allowance) was fixed at Rs. 15,000 per month in the Employees’ Provident Fund Organization and the maximum pensionable salary before revision was Rs. 6,500 per month.
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