According to PTI, the Retirement fund body EPFO has given three more months until December 31, 2023, to employers for uploading wage details regarding higher pension.
The deadline for uploading wage details which was ending on September 30 has been extended following representations from Employers & Employers’ Associations, according to a labour ministry’s release.
“Now, again many representations have been received from Employers & Employers’ Associations wherein requests have been made to extend further time period for uploading wage details of applicant pensioners/members. 5.52 lakh Applications for Validation of Option / Joint Options are still pending with employers, as of September 29, 2023,” the labour ministry said.
Therefore, the request has been considered sympathetically and the Chairman, Central Board of Trustees has extended the time, for the employers to submit wage details, etc till December 31, 2023.
Most Recent Update
EPFO received 17.49 lakh Applications for Validation of Option / Joint Options from pensioners/members till 11.07.2023 of which it has scrutinized 629,000 forms.
5.52 lakh Applications for Validation of Option / Joint Options are still pending with employers, as on 29.09.2023. EPFO has also rejected about 3,618 forms.
EPFO has sent letters seeking nearly Rs 2,000 crore from applicants seeking higher pensions, which is also being seen as the beginning of the process of understanding the financial implications of the Supreme Court ruling.
As per recent data available, the EPFO has issued 32,951 demand letters for a total of Rs 1,974 crore from applicants seeking higher pensions.
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