Higher Pension

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11.

Additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pension will be managed from employers' contributions to social security schemes run by retirement fund body EPFO.

Retirement fund body EPFO has extended the date for filing applications to opt for a higher pension till June 26, 2023.

The deadline to apply for higher pensions under the Employees Pension Scheme ends tomorrow.

As many as 1,20,279 persons have applied online to opt for higher pension under Employees' Pension Scheme 1995 (EPS-95) till March 9, 2023, Parliament was informed on Thursday.

The deadline to opt for higher pensions for these pensioners had ended on March 3, 2023.

The EPFO has allowed higher pension for employees based on a November, 2022 Supreme Court order.

The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension.

Retirement fund body EPFO has asked its field offices to provide an option for higher pension to eligible subscribers in accordance with the Supreme Court order on November 4, 2022.

Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...

The Union Cabinet on Monday raised government contribution towards the National Pension System (NPS) to 14 per cent. The move, which will lead to higher payouts, is expected to benefit 18 lakh central government employees, the Ministry of Finance said in a statement. The mandatory contribution by the central government for its employees covered und...

Though the pension amount is taxable in Pradhan Mantri Vaya Vandana and Senior Citizen Savings schemes, effective tax planning and higher tax slabs can greatly reduce the impact of tax, according to an expert.

Congress leader Rahul Gandhi today accused the government of habitually betraying soldiers and former servicemen by withholding the higher pensions that they are due under a new scheme cleared last year.

The retirement fund body also talked about implementation of its earlier decision of providing higher pension to those subscribers deferring pension beyond the age of 58 years.

Asserting that her government was taking measures for development of key sectors to ensure growth, Tamil Nadu Chief Minister J Jayalalithaa today said the state's food grain production touched a record 130 lakh tonne last year while its higher education enrolments went up by 44.8 per cent.

Retirement fund body EPFO has extended the deadline for filing applications to opt for a higher pension till July 11.

Additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pension will be managed from employers' contributions to social security schemes run by retirement fund body EPFO.

Retirement fund body EPFO has extended the date for filing applications to opt for a higher pension till June 26, 2023.

The deadline to apply for higher pensions under the Employees Pension Scheme ends tomorrow.

As many as 1,20,279 persons have applied online to opt for higher pension under Employees' Pension Scheme 1995 (EPS-95) till March 9, 2023, Parliament was informed on Thursday.

The deadline to opt for higher pensions for these pensioners had ended on March 3, 2023.

The EPFO has allowed higher pension for employees based on a November, 2022 Supreme Court order.

The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension.

Retirement fund body EPFO has asked its field offices to provide an option for higher pension to eligible subscribers in accordance with the Supreme Court order on November 4, 2022.

Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...

The Union Cabinet on Monday raised government contribution towards the National Pension System (NPS) to 14 per cent. The move, which will lead to higher payouts, is expected to benefit 18 lakh central government employees, the Ministry of Finance said in a statement. The mandatory contribution by the central government for its employees covered und...

Though the pension amount is taxable in Pradhan Mantri Vaya Vandana and Senior Citizen Savings schemes, effective tax planning and higher tax slabs can greatly reduce the impact of tax, according to an expert.

Congress leader Rahul Gandhi today accused the government of habitually betraying soldiers and former servicemen by withholding the higher pensions that they are due under a new scheme cleared last year.

The retirement fund body also talked about implementation of its earlier decision of providing higher pension to those subscribers deferring pension beyond the age of 58 years.

Asserting that her government was taking measures for development of key sectors to ensure growth, Tamil Nadu Chief Minister J Jayalalithaa today said the state's food grain production touched a record 130 lakh tonne last year while its higher education enrolments went up by 44.8 per cent.