The Employees Provident Fund Organization (EPFO) has extended the application deadline for the third time. Members who are eligible can now apply for a higher pension through July 11.
The body responsible for the provident fund has previously extended the deadline twice, first from March 3 to May 3 and then to June 26. The purpose of the extension is to give pensioners ample time to address any issues they may have.
A press release stated, “Eligible pensioners/members are being given a final opportunity of 15 days to resolve any difficulties they face. Accordingly, the last date for submission of Applications for Validation of Option / Joint Options by employees is extended to July 11, 2023.”
In accordance with a statement released by the Employees’ Provident Fund Organization, eligible pensioners and members now have only 15 days to resolve any issues.
The statement further stated, “Accordingly, the last date for submission of Applications for Validation of Option/ Joint Options by employees is extended to July 11, 2023.”
EPFO has introduced an online platform for the submission of applications for the validation of options and joint options for a pension based on higher wages.
“EPFO has made available an online facility for the submission of Applications for Validation of Options/Joint Options for pension on higher wages. This facility is provided to eligible pensioners/members in compliance with the Hon’ble Supreme Court order dated November 04, 2022,” the statement explained.
Raghunathan KE, a member representing employers on the Central Board of Trustees of EPFO, stated to PTI, “The timeline for applying for a higher pension has been extended by 3 months for employers and 15 days for employees (members).”
He added that extensive verification is necessary due to the financial transactions involved.
“We are delighted and commend EPFO for providing a three-month extension for employers and 15 days for employees. EPFO once again demonstrates its consideration and compassion towards field issues,” he said.
According to the statement, any eligible pensioner or member who faces difficulties in submitting an online application for the validation of an option or joint option due to a problem with the updation of KYC can immediately file a grievance with EPFiGMS for resolution.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
