EPFO Pension Order: Employees should complete this work till June 26 to get more pension

EPFO Pension Order: Employees should complete this work till June 26 to get more pension

  Contents News/Article Date: 11th  June 2023 Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952;            Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both]. Applicable to which State: All the States and Establishments to be covered by these Acts  Type: Informalnewz news report Pertains to: PF registered establishments and members Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients. Karma Global has set up its offices in UK, USA, UAE, Canada and South East Asia and is fully into providing solutions for workplace issues, employment law advice, immigration and negotiation, representation in employment tribunals and involvement in leading cases, addressing HR issues in line with Labour Laws, payroll, staffing and talent acquisition. And in the current instance: EPFO – Important news for PF account holders. In fact, EPFO ​​has issued a circular regarding the difficulties faced by the members while applying for higher pension. For which you can finish all your work till June 26. Subject: EPFO Pension Order: Employees should complete this work till June 26 to get more pension

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EPFO – Important news for PF account holders. In fact, EPFO ​​has issued a circular regarding the difficulties faced by the members while applying for higher pension. For which you can finish all your work till June 26

  New Delhi: If you are a member of Employees Pension Scheme (EPS) by EPFO and want to get more pension, then EPFO has come up with an application to increase pension contribution. EPFO has given the option of online application to EPS members to get more pension. For this, EPFO has issued a dedicated portal link. The last date to apply is fast approaching, so apply as soon as possible. The Supreme Court had ordered EPFO in November 2022 to allow eligible EPS members to contribute more for higher pension. After this, EPFO has given the option of joint option to applicants and employers on the portal for online application in February 2023.   Last date of application will not extend further The last date for online application for Higher Pension (EPS Higher Pension Deadline) is 26 June 2023. EPFO has extended the last date twice, but now there is no possibility of further extension. Let us inform that EPFO has extended the last date of application fixed earlier on May 3 to June 26, 2023. Even before this, EPFO had extended the last date of March 3 to May 3.

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