EPFO Higher Pension Scheme 2023: Benefits, Eligibility Criteria, Application Form

EPFO Higher Pension Scheme 2023: Benefits, Eligibility Criteria, Application Form – Employees’ Provident Fund Organisation (EPFO) members are provided with a pension after their retirement. Under the Employees’ Pension Scheme (EPS), the Employees’ Provident Fund Organization (EPFO) is discussing the option of offering higher pensions (EPS Higher Pension). EPFO subscribers will be able to choose this option to get more pensions.

EPFO Higher Pension Scheme 2023 – Overview

Who will get the benefit of EPFO Higher Pension? (EPFO Higher Pension Eligibility)

The members of EPF before September 1, 2014, and continued to be members will be able to apply for this scheme. Employees should have been working as a government employee with the Employees Pension Scheme for more than 10 years. India Govt started the Employees Pension Scheme, 1995 (EPS-95) 1995 under Section 6A of the EPF Act. According to the EPS-95, employers had to contribute 8.33% of their employee’s salary towards the pension scheme, which had a maximum monthly pension of Rs.5,000 or Rs.6,000. later, the contribution was subsequently increased to Rs.6,500, to the pension scheme.

Check your EPFO Membership Status

You can check your status on the Member e-Sewa Portal of EPFO. before checking, is to be pointed out that all your information must be updated. EPFO started the rule of UAN (Universal Account Number) in 2014.

How to Check Your Membership Status on the EPFO Portal?

• Visit the member e-service portal of EPFO- https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
• In the login area, Enter your UAN, password and captcha.
• Now select Service History from View Menu which will inform you in which company you have worked for a long time.
• Can check also the date of joining the company.
• You will be an eligible subscriber to apply for a higher pension if the portal will show you a date before September 1, 2014.
• You can even update your service history when there is no record of the same on the portal.

How to Apply for EPFO Higher Pension Scheme 2023?

• First of all, visit the EPFO Unified Member portal.
• Click on the ‘Application form for joint option’ option.
• Click ‘Validation of joint options who retired before 01.09.2014 and exercised joint option’.
• Click ‘Exercise of joint option for employees who were in service prior to 01.09.2014 and continued to be in service 01.09.2014 but could not exercise the joint option’.
• Fill in the application with the required details and submit the form.

EPFO Higher Pension Scheme Application Form Link