Pension News Update: If you also want to get more pension, then the time is very less, why apply quickly

Pension News Update: If you also want to get more pension, then there is good news for you. Employees are being given the opportunity to choose higher pension by the Central Government.

If you have not selected this option yet, then you have 10 days left. EPFO has provided online facility to the subscribers to fill the joint option form with the employer to opt for higher pension.

Time till 26th June

Let us tell you that the government has increased its limit for the second time. Earlier its limit was 3 May 2023 and now, it has been increased to 26 June 2023. That means from today you have about 10 days left.

There are many questions regarding higher pension

At present, things are not clear about how the option of additional contribution will work and what will be the mode of payment if the higher pension is opted for. The member is not even aware as of now whether he will get the option to opt out of the higher pension scheme in case of asking for a higher amount.

Information received from notification

It has been clarified in the circular that the Regional Officer will determine the additional amount, whatever amount will be determined, information about it along with interest will be given to the shareholders opting for higher pension. It has been said that the pensioners/members will be given time up to three months to deposit the money and give consent for the transfer of funds.

How much do you contribute now?

The government contributes 1.16 percent as subsidy to the Employees' Pension Scheme (EPS) on a limit of Rs 15,000 basic salary. Employees contribute 12 percent to the social security scheme of EPFO. At the same time, out of 12%  contribution of the employer, 8.33 percent goes to EPS. The remaining 3.67 percent goes to the Employees' Provident Fund.

The government made a big announcement! These women will get 2000 rupees every month

The Congress government in Karnataka has announced that applications will be received from Friday (June 16) for the Griha Lakshmi scheme, under which women heads of households will be given a monthly allowance of Rs 2,000.women and Child Welfare Minister Lakshmi Hebbalkar spoke to reporters while making this announcement in Bengaluru on Thursday. He said that the beneficiaries can submit applications online and offline from tomorrow.

New Delhi: The Congress government in Karnataka has announced that applications will be received from Friday (June 16) for the Griha Lakshmi scheme, under which women heads of households will be given a monthly allowance of Rs 2,000 women and Child Welfare Minister Lakshmi  told reporters made this announcement in Bengaluru on Thursday while talking to. He said that the beneficiaries can submit applications online and offline from tomorrow.

These women will get benefit

 

Minister Lakshmi said that BPL and Antyodaya, cardholders can submit the application. They can submit the application free of cost at Seva Sindhu Portal, Bengaluru Forest, Karnataka Forest and Village Forest,centres. Applicants have to provide their own and husband's Aadhaar card. For any doubts, they can call on 1902 helpline number.

 

Enjoyed this article? Stay informed by joining our newsletter!

Comments

You must be logged in to post a comment.

About Author

Employee in private Sector.