Good news for people who do government jobs, Employees Provident Fund organization has postponed the deadline to applying for higher pension. Now you can do it till may 3rd 2023.
In this article we have shared some important news details and information related to EPFO Higher Pension Scheme 2023 such as direct link, application form, last date and much more.
So read this article till the last to know everything about latest updates on EPFO on official website @epfindia.gov.in. We have also written step by step guide so that you can apply for this scheme very easily through your phone sitting at home.
EPFO Higher Pension Scheme 2023
If you are a government employee then you might already know that each month, there is 12 percent deduction cut happens with your salary. Have you ever wondered that which organization took those 12 percent money from your salary and what will they do with it. Well let us teel you. Employee Provident Fund organization or EPFO take those 12 percent cut from your salary so that they could give it to you when you retire, all together and some part included with your salary. In this article you will know everything about recet news and updates about EPFO Higher Pension Scheme 2023.
Higher Pension Option Form EPFO
EOFO has extended the last date to Apply For Higher Pension after retirement. New deadline is decided to be 3rd may 2023. This application process and increasing of pension money amount is happening under a government scheme called EPFO Higher Pension Scheme 2023. This scheme is for government employees who are working before 1st September 2014, but were unable to activate their account under government pension programme.
EPFO Higher Pension Scheme 2023 Overview
| Name of the article | EPFO Higher Pension Scheme 2023 |
| Organisation | Employee provident fund organisation |
| Deadline | 3rd may 2023 |
| Beneficiary | Government employees |
| Year | 2023 |
| Country | India |
| website | epfindia.gov.in |
Benefits of EPFO Higher Pension Scheme
Higher Pension Scheme provides pension to retired employees based on years of service and average of their salary. For able to get benefit from this scheme you should be pass an eligibility criteria. Every detail about it is mentioned in this article , so read it till end.
Government employees are going to have a lot of benefits because of this EPFO Higher Pension Scheme. Some of key points about it are mentioned in below given list. Make sure to read this article till the end so that you don’t do any mistake in matter related to Higher Pension Scheme because it may affect your future.
- If you have big slaries in your current job position then you will also receive big pension after retirement.
- This will help you to live your life normally even when you don’t have any investment or private business as money source after retirement.
- Amount of money that you will get after retirement is unaffected by market because it is based on years of service and average of salary.
Eligibility Criteria for EPFO Higher Pension Scheme
If you want to get all above mentioned benefits mentioned above from EPFO Higher Pension Scheme then you have to stand on some eligibility criteria. All eligibility criteria are mentioned below so try to understand them and self analyse whether you are eligible for getting a higher pension.
- Only those government employee who has applied for registration and activation of their account under employee provident fund organisation are eligible for getting higher pension.
- You must have been working as government employee with employee pension plan for more then 10 years and your age should be around 50 to 58 for taking benefits from this scheme.
- You must be working for government since before 1st September 2014 and after that date too.
EPFO Higher Pension Scheme 2023 Application Process
- Open your browser and go to official website of EPFO Higher Pension Scheme 2023 Application Process.
- There is a section of all important inks in home page of the website, go there and click on link called Pension On Higher Salary.
- A new tab will open with two options, click on Application Form For Joint .
- An application form will open on the screen.
- Fill it correctly and click on submit.
- Make sure to reconfirm entered details with your official documents before you click on submit.
- There might be or not an application fee, pay it.
- Congrats you have done your side of work.
- Now wait till government officials review your application and verify your uploaded documents.
- You will definitely get message from them for their decision on Your Higher pension application.
FAQs on EPFO Higher Pension Scheme 2023
How can I calculate the money amount of my monthly pension?
Multiply years of service to your salary and then divide the answer with 70.
What is the full form of EPFO?
EPFO stands for employee provident fund organisation.