If you too are thinking of applying for the Higher Pension Scheme, then there is great news for you. EPFO has changed the dates for applying in this scheme, so that you have got some more time to think.
These days Employees Provident Fund Organization (EPFO) is getting a lot of headlines. The salaried class and employed people have been talking about the Higher Pension Scheme for the past few days. Worrying about their future, everyone is engaged in juggling their pension while in job.
EPFO has changed the last date to apply for Higher Pension Scheme. Yes, now the last date is 26 June 2023. If you are still thinking of applying in this scheme, then you still have some more time. But most people still do not know what this scheme is and what are the things you have to keep in mind while opting for higher pension. So let’s understand one by one in simple language.
What is Higher Pension Scheme?
In easy and simple language, the Higher Pension Scheme will give you more pension every month in old age after retirement, for which the date to apply is 26 June. Employees who were members of EPFO and EPS prior to 1st September 2014 and who continued to be in service but missed out on availing the earlier higher pension option are eligible to apply.
However, those who had retired before this date and had opted for higher pension option would have to give separate approval for the same.
