EPFO Update: If you are a member of EPFO, then important news is coming out for you. Every day, new updates are issued by EPFO for its PF employees. EPFO has now made such a rule, which has to be followed in any case.
PF employees must be wondering which is the rule that has to be followed. If you are also a PF account holder, then you must know about this new rule. EPFO has issued some new rules to correct and update their details in PF accounts. So let us know which rule has been issued by EPFO; let us explain it to you in detail here.
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EPFO has issued SOP guidelines to correct personal information like name and date of birth. Under which SOP version 3.0 has been approved to update the profile of PF employee.
Now, after this new rule, documents will have to be given to update or correct any mistake in the UAN profile. Along with this, an application can also be made by giving a declaration.
EPFO has stated in its guidelines that it is often seen that many types of mistakes are seen, which people have to face great difficulties to correct. This problem occurs due to the data not being updated. In such a situation, this guideline has been introduced.
Changes will be made in two categories.
According to the new guidelines, EPFO has divided the changes in the profile into major and minor categories. Minor changes will have to be submitted with a joint declaration request with at least two necessary documents, whereas at least three necessary documents will have to be submitted for major correction. It is worth noting that
In case of changes related to Aadhaar, an Aadhaar card or an e-Aadhaar card linked to an active mobile number will be given as supporting documents.
How many documents will have to be given for which change?
At least two documents will be required for minor changes.
At least three documents will have to be submitted for major changes.
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Important things related to pension
If the age of an employee is between 50 and 58 years, then you can easily claim an annual pension. In this, employees get the benefit of a lower pension. If you are a PF employee and are thinking of withdrawing the reduced monthly pension at the age of 56, then he will get 92% (100%–24%)) of the basic pension amount.
Apart from this, an EPFO member also has to fill out the form to get an annual pension. To pay an annual pension, it will be necessary to select the option of 10D.