According to the new guidelines, along with basic salary, DA, HRA, retaining allowance will also be included. EPFO has issued this rule to get more pension.
EPFO (Employees Provident Fund Organisation) has issued new guidelines regarding pension. According to the new guidelines, now in the calculation of pension, there will be not only basic salary but also allowance. Apart from this, those who want more pension can apply till June 26. All the guidelines for getting more pension have been issued by EPF. It has been clarified in the guidelines issued by EPF that now allowance will also be included in pension. But this will be an allowance for which no proof has to be given.
What will be the allowances:
According to the new guidelines, along with basic salary, DA, HRA, retaining allowance will also be included. EPFO has issued this rule to get more pension. Those who want more pension, for this they will have to apply till 26th June. June 26 is the last date for application.
Who can opt for Higher Pension Scheme? All member employees of EPFO and employees who have completed 10 years of service are eligible for Higher Pension Scheme. Also, such employees/employers who have contributed more than Rs.5000/- or higher standard pay of Rs.6000/- will also be eligible to apply.
If you are eligible for this scheme, then you have to apply for it in the prescribed application form along with necessary documents. The last date to apply for this scheme has been extended from May 3, 2023 to June 26, 2023.
