EPFO disposes of nearly 99% of higher pension applications, says Minister

New Delhi: Retirement fund body EPFO has disposed of nearly 99 per cent of the applications seeking higher contributions for getting higher pension under the Employees' Pension Scheme (EPS) 1995, Parliament was informed on Monday. Minister of State for Labour & Employment Shobha Karandlaje stated in a written reply to Lok Sabha that the EPFO has taken action to implement the directions issued in the Supreme Court Judgement on November 4, 2022 in a time-bound manner.

An online facility was provided and a total 17.49 lakh applications for validation of joint options were successfully submitted by pensioners/ members till last date i.e. July 11, 2023 out of which around 15.24 lakh applications were forwarded by employers to Employees' Provident Fund Organisation (EPFO) till last date i.e. January 31, 2025, she informed the House.