EPFO gives employers final chance till 31 January 2025 on 3.1 lakh pending higher-wage pension applications
EPFO on 18 December 2024 gave employers a final opportunity till 31 January 2025 to upload wage details for over 3.1 lakh pending applications for pension on higher wages.
Summary
The Employees' Provident Fund Organisation (EPFO) on 18 December 2024 gave employers a final opportunity till 31 January 2025 to upload wage details for over 3.1 lakh pending applications for pension on higher wages. Employers were also asked to reply or update information by 15 January 2025 in 4.66 lakh cases where EPFO had sought clarification. The online facility for Validation of Options/Joint Options was launched on 26 February 2023 in compliance with the Supreme Court order of 4 November 2022, and 17.49 lakh applications were received by the extended deadline of 11 July 2023.
Key facts
- Announced
- 18 December 2024, EPFO
- Final deadline
- 31 January 2025 for over 3.1 lakh pending applications
- Clarification cases
- 4.66 lakh, reply by 15 January 2025
- Basis
- Supreme Court order dated 4 November 2022
- Facility launched
- 26 February 2023; employee deadline extended to 11 July 2023
- Applications received
- 17.49 lakh
Practice MCQs 3 questions
Till what date did EPFO give employers a final opportunity to upload wage details for pending applications for pension on higher wages?
Show answer
Correct answer: C — 31 January 2025
PIB (Labour): EPFO gave a final opportunity till 31 January 2025 to employers to upload wage details for over 3.1 lakh pending applications.
EPFO's facility for pension on higher wages was provided in compliance with a Supreme Court order of which date?
Show answer
Correct answer: B — 4 November 2022
PIB (Labour): the online facility for Validation of Options/Joint Options was made available in compliance with the Supreme Court order dated 4 November 2022.
How many applications for Validation of Option/Joint Options for pension on higher wages did EPFO receive by the extended deadline of 11 July 2023?
Show answer
Correct answer: A — 17.49 lakh
PIB (Labour): a total of 17.49 lakh applications for Validation of Option/Joint Options were received by 11 July 2023.