The Employees’ Provident Fund Organisation (EPFO) has announced new scrutiny of information and wage details submitted by individuals applying for higher pensions under the Employees’ Pension Scheme (EPS), with just under a week left to apply. The EPFO has introduced measures to ensure that the submitted data is correct and made it clear that errors will not be tolerated. This move follows the recent decision to raise the minimum monthly pension from INR 1000 to INR 2000. Any eligible member who meets specific criteria can apply for an increase in their pension, and scrutiny will help to avoid any inconsistencies or errors. The last date to apply for the increased pension is February 28th, 2021.
Today: December 6, 2023