EPFO Rejected Applications: A significant update has arrived with the applications regarding the implementation of the Higher Pension Scheme in the Employees’ Provident Fund Organization (EPFO). The news goes on to say that the process of implementing the Array Higher Pension Scheme would be completed by the end of March, this year.
EPFO Members Who Can Face The Rejection
Let all know that from the months of April-May 20250, members who had wished to opt for a higher pension in EPF would immediately start receiving pensions.
Applications of roughly around 7.35 lakh members have been fetching rejections under the Employees’ Provident Fund Organization (EPFO) as those applicants were considered ineligible for the Higher Pension Scheme.
As per EPFO, 17.49 lakh members had applied under the above benefits to get more PF pension according to salary-related considerations. Out of those, 7.35 lakh members have not been deemed eligible.
Lakhs Of Applications Are Still Being Reviewed
According to estimates, Higher Pension Scheme applications of lakhs from Employees Provident Fund Organization are still under review.
According to the available information, the judgment on the Higher PF pension was passed nearly two years ago by the Supreme Court. Nevertheless, till now only about 24,000 people have been authorized to receive their revised pension. After the lapse of an eventful two years since the Supreme Court judgment, 2.13 lakh applications are still under review by the EPFO.
In addition to this, the number of applications submitted by employers to the agency is also 2.24 lakh, which remains in the in- tray. Simultaneously, about 4 lakh applications were returned by the EPFO to the employers due to deficiencies in the applications, while issuance of demand letters for further contribution has been made to more than 2.18 lakh applicants.
EPFO Scheme Implementation
The scheme for Higher Pension was implemented after the Supreme Court’s decision-smithing provided on 4 November 2022
The Employees Provident Fund Organization implemented the Higher Pension Scheme in the country following the Supreme Court’s decision dated 4 March 2022. After this, the pension benefits are being given to the members who applied during the earlier times.
Why EPFO Members Facing Obstacles
However, after this, there arise obstacles due to manifold complications. All the interested members of EPFO are now facing multiple types of problems. The readers must know that a host of complications are being requested in the case of applications concerning the option of giving higher pension. Because of which this scheme is now yet to be fully implemented.
Also Read: EPFO: Useful News For Employees, Complete This Work By March 15