This is the second time that the deadline for submitting an application for a higher pension has been extended. Previously, the deadline had been pushed out to June 26, 2023, from May 3 of the same year.
The deadline for filing petitions to pick a bigger pension has been extended until July 11 by the EPFO, which is a body that administers retirement funds. This is the second time that the deadline for submitting an application for a higher pension has been extended. Previously, the deadline had been pushed out to June 26, 2023, from May 3 of the same year. According to a statement released by the Employees’ Provident Fund Organisation, the eligible pensioners and members are being offered one final opportunity of fifteen days to resolve any difficulties they may be experiencing.
The document went on to say that as a result, the deadline for employees to hand in their applications for the validation of options or joint options has been pushed back to July 11, 2023.
“The Employees Provident Fund Organisation (EPFO) has made an online facility available for the submission of Applications for Validation of Options and Joint Options for pension on increased pay. According to the announcement, “the facility is for eligible pensioners/members in compliance with the Hon’ble Supreme Court order dated November 04, 2022.”
Raghunathan KE, a member of the Central Board of Trustees who represents employers, stated in an interview with PTI that the “timeline for applying for higher pension has been extended by 3 months for the employer and 15 days for the employee (member).”
He explained that comprehensive verification is necessary because the transactions involve the exchange of money.
“We are glad and compliment EPFO for three months’ time for employers and also 15 days’ time for employees. According to what he told PTI, EPFO once again demonstrates that it is aware and compassionate to field difficulties.
According to the statement, any qualifying pensioner or member who, as a result of an issue with updating their KYC, is unable to successfully submit an online application for the validation of an option or joint option may immediately file a complaint with EPFiGMS for a resolution to this issue.
“The grievance may be lodged by selecting the grievance category of ‘Higher Pensionary benefits on higher wages’ in the drop-down menu. This will ensure that a formal record of such a complaint is kept for further action,” the statement continued.