{"id":227774,"date":"2023-02-21T19:44:33","date_gmt":"2023-02-21T14:14:33","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=227774"},"modified":"2023-02-21T19:44:33","modified_gmt":"2023-02-21T14:14:33","slug":"epfo-issues-guidelines-for-employees-pensioners-to-opt-for-higher-pension","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/epfo-issues-guidelines-for-employees-pensioners-to-opt-for-higher-pension\/","title":{"rendered":"EPFO issues guidelines for employees, pensioners to opt for higher pension"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201cEPFO issues guidelines for employees, pensioners to opt for higher pension\u201d<\/b><span style=\"font-weight: 400;\"> published in <\/span><b>The Hindu <\/b>on <b>21st February 2023.<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In compliance with the Supreme Court\u2019s November 2022 judgement, the Employees\u2019 Provident Fund Organisation (EPFO) has issued instructions to all its regional and zonal offices on the manner in which employees should apply for higher pensions.<\/span><\/p>\n<h2><b>What was the Supreme Court judgement on EPFO pension scheme?<\/b><\/h2>\n<p><a href=\"https:\/\/forumias.com\/blog\/all-employees-can-opt-for-epfo-pension-scheme-supreme-court\/\"><b>Click Here to read<\/b><\/a><\/p>\n<h2><b>What are the guidelines issued by EPFO?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">EPFO has issued instructions to all its regional and zonal offices on the manner in which employees should apply for higher pensions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As part of the instructions, the EPFO has now allowed subscribers to go beyond the pensionable salary capped at Rs 15,000 a month on which employers deduct a sum equal to 8.33% of the \u2018actual basic salary\u2019 towards pension under the Employee Pension Scheme (EPS).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What this essentially means is that an employee and an employer can sign up together, requesting the EPFO to deduct 8.33% of the higher monthly basic salary, thus ensuring a larger accumulation towards pension over their work life.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cEPFO issues guidelines for employees, pensioners to opt for higher pension\u201d published in The Hindu on 21st February 2023. What is the News? In compliance with the Supreme Court\u2019s November 2022 judgement, the Employees\u2019 Provident Fund Organisation (EPFO) has issued instructions to all its regional and zonal&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/epfo-issues-guidelines-for-employees-pensioners-to-opt-for-higher-pension\/\">Continue reading <span class=\"screen-reader-text\">EPFO issues guidelines for employees, pensioners to opt for higher pension<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,7965,9],"tags":[10498],"class_list":["post-227774","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-miscellaneous-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704905762},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/227774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=227774"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/227774\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=227774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=227774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=227774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}