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The Employees’ Provident Fund Organisation ( EPFO ) has yet again extended the deadline for employers to process and upload wage details of applicant members under the higher EPS Pension Scheme by January 31, 2025. In spite of so many extensions, it has been observed that more than 3.1 lakh applications for validation of options or joint options are still pending with employers, the EPFO release said adding that many representations have also been received from employers and employers’ associations wherein requests have been made to extend further time period for uploading wage details of applicant pensioners. “Therefore, a final opportunity is being given to the employers till 31.01.2025 to ensure that employers process and upload these pending applications for validation of option/joint options,” the EPFO said. “Employers are also requested to submit replies/update the information by 15.01.2025, in over 4.66 Lakh cases where EPFO has sought additional information/ clarification in respect of applications that have been received and examined by EPFO,” it added. In the past, the retirement fud body has repeatedly extended the deadline for employers to upload wage details to facilitate the processing of higher EPS Pension applications. Employers were initially given time until September 30, 2023, which was later extended to December 31, 2023, and then to May 31, 2024. Also read: Govt to hike medical allowance of pensioners not availing CGHS facilities? Here’s what Centre has to say These extensions were provided so that employers could complete the submission of wage details for EPS pensioners and EPF members online. An individual who was an EPF member on or before August 31, 2014, or retired by that date, can choose to receive higher pension under the Employees’ Pension Scheme (EPS) based on their actual wage (basic salary) rather than the prescribed limit (Rs 6,500/Rs 15,000). By opting to contribute on higher wages, the individual becomes eligible to receive a pension calculated on the average of their actual last drawn wages (basic salary) instead of the capped amount (currently Rs 15,000) at the time of retirement. EPFO members who have completed 10 years in service are eligible to apply for higher pension under the EPS 95. For a regular pension, the member must be at least 58 years old. EPF subscribers can opt for an early pension, if they attain the age of at least 50 years. Monthly pension = Pensionable salary × pensionable service/70, on a pro rata basis linked to the maximum monthly pensionable salary of Rs 6,500 for the pensionable service up to September 1, 2014, and Rs 15,000 thereafter. An EPF member or EPS pensioner who has applied for a Higher EPS Pension can track their application status on the EPFO’s Member Sewa portal. To do so, it is important to have the acknowledgment number ready. Also read: EPFO: Govt to revise pension for EPS pensioners? Here’s what Centre has to say on revised pension plans Follow these steps to track the status of your Higher EPS Pension application: Step 1: Visit the EPFO Member Sewa portal at Step 2: Click on the option ‘Track Status of EPS Higher Pension Applications’. Step 3: On the next page, enter the required details: Step 4: Check the box to provide consent for Aadhaar-based authentication by allowing access to your Aadhaar Number, Biometric, and/or One-Time PIN (OTP) data to establish your identity. Step 5: Click on ‘Get OTP’. You will receive a one-time password (OTP) on the mobile number linked to your Aadhaar. Enter this OTP to track the status of your pension application. By following these steps, you can easily monitor the progress of your Higher EPS Pension application. None
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