financetom
Personal Finance
financetom
/
Personal Finance
/
EPFO extends deadline to apply for higher pension till June 26
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EPFO extends deadline to apply for higher pension till June 26
May 2, 2023 2:38 PM

Retirement fund body EPFO has extended the date for filing applications to opt for a higher pension till June 26, 2023. In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till June 26, 2023, according to a statement.

Live TV

Loading...

”The EPFO (Employees’ Provident Fund Organisation) has made arrangements for obtaining applications for validation of option/joint option from pensioners/members as per the Supreme Court order on November 4, 2022,” labour ministry said in a statement.

To facilitate this process, online facility has been made available.

More than 12 lakh applications have been received till date.

The online facility was to remain available only till May 3, 2023.

In the meantime, many representations have been received from various quarters seeking extension of time.

The issue has been considered and it has been decided that in order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till 26th June, 2023, it stated.

The timeline is being extended to facilitate and provide ample opportunity to the pensioners/members so as to to ease out any difficulty being faced by them.

This has been decided after sympathetically considering the various demands received from employees, employers and their associations, it stated.

First Published:May 2, 2023 11:38 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Stock Market Today: Stocks Waver On Final Day of a Stellar First Quarter
Stock Market Today: Stocks Waver On Final Day of a Stellar First Quarter
Mar 28, 2024
Markets ended an outstanding first quarter on a quiet note ahead of the long holiday weekend. If stocks spent much of Thursday wavering, it was due in part to a speech given the night before by Fed Governor Christopher Waller. His insistence that there's still no rush to cut interest rates cast something of a hawkish pall over the session. ...
What is an ETF? Learn about exchange-traded funds
What is an ETF? Learn about exchange-traded funds
Mar 28, 2024
Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. Exchange-traded funds, or ETFs, are one of the hottest investing trends of the last two decades. ETFs held about $11 trillion in assets at year-end 2023, according to research conducted by TrackInsight in collaboration with J.P....
What are stocks and how do they work?
What are stocks and how do they work?
Mar 28, 2024
A stock represents a piece of ownership in a corporation. Stocks are also known as equities, which signifies that anyone who owns them has a stake in the company's performance. The stock market's movements are always in the headlines, which can scare some people away from investing in stocks. According to a 2022 Bankrate survey, 26 percent of Americans believe...
60-day rollover rule: What retirement investors need to know
60-day rollover rule: What retirement investors need to know
Mar 28, 2024
The 60-day rollover rule is one of the many traps that lie in wait for investors rolling over a retirement account such as a 401(k) or IRA. You have to follow the rules exactly, or you could end up paying significant penalties -- so it's tricky and potentially costly if you get it wrong. Fortunately, it's not that tough to...
Copyright 2023-2025 - www.financetom.com All Rights Reserved