Are you taking a pension from the government? Then this article is for you. There are big changes in EPFO. Have you also applied for a higher pension? Learn how to check the status. About 97,000 EPFO members and pensioners across the country covered under the Employees’ Pension Scheme (EPS 1995) are awaiting pension on higher wages.
The report said that this number is reported to be 8,401 pension payment orders (PPOs) and 89,235 demand notices. The report also pointed out that demand notices have been sent only to those who have been found eligible for pension on higher wages, which is in line with the Supreme Court judgment in November 2022, forcing future eligible beneficiaries to transfer part of their dues. What is the option of a pension on a higher salary in EPS? Let’s find out.
EPFO pension
When an employee opts for the higher pension option, he/she opts for the higher employer contribution to the EPS pension plan. The corpus of a provident fund scheme is reduced to the extent to which the employer’s contribution is distributed to the pension plan based on the increasing salary. Employees who were members of EPF as of 1st September 2014 can opt for the higher pension option. The extra amount is kept in a separate pension fund, which gradually keeps growing with interest. This increases the total pension amount.
How to check EPS Higher Pension Application status?
On completing the application process for pension on higher wages under EPS on the official website of the Employees Provident Fund Organization (EPFO), you will have received a receipt. After filling out the form, EPFO has provided a URL to check the application status. If you have claimed for a higher pension, you can check your application status with the help of these steps.
1. First, go to the EPFO Member e-Sewa portal.
2. Now scroll down the screen slightly and click on Track application status for Pension on Higher Wages appearing on the left.
3. Now fill in the requested details, like the acknowledgement number, UAN, PPO number, and captcha code.
4. Click on the check box to agree to provide an Aadhaar number, biometric, or one-time PIN (OTP) data for Aadhaar-based authentication for the purpose of establishing your identity.
5. Now click on the ‘Get OTP’ button.
