On March 23, 2023, the Minister of Labour Employment issued clarifications in response to certain questions raised in the Parliament pertaining to higher pension. It was inter-alia clarified that as per directions contained in paragraph 44(ix) read with paragraph 44(v) and 44(vi) of the Supreme Court judgment dated November 4, 2022 (“Judgement“), online applications were called by Employees’ Provident Fund Organisation (“EPFO“) on December 29, 2022 from pensioners who had retired before September 1, 2014 and had exercised joint option for contributing in pension fund on salary exceeding wage ceiling before their retirement but whose joint options were rejected by the EPFO (on account of cut-off date). Joint options were to be filed on or before March 3, 2023 which was later extended up to May 3, 2023. It was further clarified that, as per directions contained in paragraph 44(iii) & paragraph 44 (iv) read with paragraph 44(v) of the Judgment, instructions have been issued by EPFO on February 20, 2023 for online joint options to be filed by the employees who were in service prior to September 1, 2014 and continued to be in service on or after September 1, 2014 but could not exercise joint option under erstwhile proviso to paragraph 11(3) of Employees’ Pension Scheme (EPS), 1995. Joint options can be filed on or before 03.05.2023.
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