New Delhi, Feb. 27 -- Opting for a higher pension under the Employees' Pension Scheme (EPS) seems to have become a procedural nightmare for employees.
Some people who applied for it after the Supreme Court order in November 2022 are still waiting for the Employees' Provident Fund Organisation (EPFO) to accept their applications.
Though, according to a 26 February statement, the EPFO aims to process all applications by 31 March 2025, employees continue to question the methodology for calculating the monthly pension.
In August 2014, the Centre amended the Employees' Pension Scheme, 1995.
The amendment increased the cap on pensionable salary from Rs.6,500 to Rs.15,000 per month and restricted membership to the EPS to only those whose mon...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.