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Tuesday, Apr 1, 2025
This development comes after the EPFO said that 7.35 lakh out of 17.49 lakh applicants seeking higher PF pensions are not eligible for the benefit.
Even after two years since the Supreme Court ruling on higher PF pensions, only 24,006 individuals have received the revised pension so far.
The petition challenged the pro rata order issued by the Employees’ Provident Fund Organisation (EPFO) on February 14, 2024
Legal experts said that a norm for calculating higher pensions cannot be implemented by issuing a circular since its is not included in the EPS rules.
Employees feel that they were receiving the SMS as their applications were not properly recorded in the PF office accounts.
Until last year pension was given without dividing the service period
As the EPFO suggested calculating higher pension on a pro-rata basis, the sum received has been much below expectations, said the pensioners.
Chauhan was granted only Rs 18,161 by the EPFO, despite his eligibility to receive Rs 23,700 according to the Supreme Court order guidelines.
The latest decision to implement the pro rata system will lead to a reduction in the pension amount for subscribers who had given the option for the higher pension scheme.
EPFO extends deadline to apply for higher pension till July 11
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