Earlier an online facility was made
available by EPFO for submitting Applications for Validation of Option /Joint
Options for pension on higher wages. The facility was for eligible pensioners /
members in compliance with the Hon’ble Supreme Court order dated 04.11.2022. The facility was launched on 26.02.2023 and
was to remain available only till 03.05.2023. However, considering the
representations of the employees, the time limit was extended to 26.06.2023 in
order to provide complete four months’ time to eligible pensioners / members
for filing applications.
A last opportunity of 15 days was
further given to remove any difficulty faced by the eligible pensioners/
members.
Accordingly, the last date for submission of Applications for Validation of
Option / Joint Options by employees was extended to 11.07.2023. 17.49
lakh Applications for Validation of Option / Joint Options have been received
from pensioners / members till 11.07.2023.
In view
of representations received from Employers & Employers’ Associations
wherein requests were made to extend time period for uploading wage details of
applicant pensioners / members, the employers were also given further period of
three months to submit wage details etc. online latest by 30.09.2023. This time
was further extended till 31.12.2023 because many representations were received
from Employers & Employers’ Associations wherein requests were made to
extend further time period for uploading wage details of applicant pensioners /
members.
More than 3.6 lakh Applications for Validation of Option / Joint
Options are still pending with the employers for processing.
Therefore,
in order to ensure that employers process these remaining Applications for
Validation of Option / Joint Options, the Chairman, CBT EPF has kindly approved
the proposal to grant another extension
of time for the employers for uploading wage details online etc till 31st May,
2024