Pensioners big update, pension of these employees will increase from this month, government issued notification

Pension Scheme Update: Those who take advantage of Higher Pension Scheme have the chance to apply for it till June 26, that is, if you also want more money in your account, then you have a few more days left. In this, more than 12 lakh have applied so far.

Pension Hike Update: There is good news for pensioners. If you also want to get more pension, then special facility is being given to you by the Central Government, after which the money you get every month will increase. Those who take advantage of Higher Pension Scheme have a chance to apply for it till June 26, that is, if you also want more money in your account, then you have a few more days left. In this, more than 12 lakh have applied so far.

EPFO gave information

Giving information, EPFO has told that its employees should not face any kind of problem. For this reason, it has been decided to start the Higher Pension Scheme. On November 4, 2022, the Supreme Court gave an important decision regarding higher pension. For this, it was asked to choose a new option within four months.

Lump sum money may decrease

Let us tell you that if you select the option of higher pension, then by doing so, the amount of money received after retirement may decrease, but your monthly pension will increase. Experts believe that this scheme has both advantages and disadvantages. If you have a few years left in your job, then the employee’s focus should be on lump sum money.

How to apply for higher pension-

• For higher pension, first of all one has to go to the e-seva portal.
• After that click on Pension on Higher Salary.
• Now you will reach the new page where you will see 2 options.
• Those who retire before September 1, 2014 will have to choose the first option.
• Apart from this, if you are still doing the job, then you have to select the second option.
• Details like UAN, name, date of birth, Aadhaar, mobile have to be filled.
• Now OTP will come on your Aadhaar linked mobile number, it has to be entered.

Pension was last increased in 2014

Last week EPFO released the details of its process. It was told that the shareholders and their employers can jointly apply for higher pension under the Employees’ Pension Scheme (EPS). In November 2022, the Supreme Court upheld the Employees Pension Scheme, 2014. Earlier, the EPS revision of August 22, 2014 increased the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. Also, members and their employers were allowed to contribute 8.33 per cent of their actual salary to the EPS. EPFO has issued a circular in this regard to its field offices.

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