Who contributes how much in EPS pension, know everything here Image Credit source: File Photo
EPFO i.e. Employees Provident Fund is giving its subscribers a chance to get more pension. Subscribers can apply for this till June 26. Now there are many types of questions in people’s mind regarding more pension. Whose answers EPFO keeps on giving from time to time. Recently EPFO has told its subscribers that who will contribute how much to their pension.
Let us tell you, only those subscribers are eligible to get more pension of EPFO who are working since September 2014 or earlier. Along with this, his account in EPFO is also from 2014 or earlier.
read this also: These things are also insured, this is how you will get money
These people have to contribute
Recently, EPFO said that contribution will not be deducted from the salary of the employee for higher pension. Rather, the employer i.e. your company and the government will have to contribute in this. Till now people were confused that even for higher pension, contribution will be deducted from their salary. But after the reply of EPFO, now they will get some relief.
under #EPSThe contribution is paid by the employer and the government.#employees #socialsecurity #AmritMahotsav #EPFOwithyou @PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @PIB_India @MIB_India @AmritMahotsav pic.twitter.com/hk6IclP39m
— EPFO (@socialepfo) May 13, 2023
How to get more pension?
According to EPFO, if the subscriber opts for higher pension, then he will have to share his salary details on the portal. After which the field office of EPFO will investigate it. If the details are correct then they will get more pension. On the other hand, if the details are wrong, then EPFO will give one month’s time to the subscriber and will ask to share the correct information.
Can the nominee take pension?
EPFO also gives its subscriber the option of adding a nominee to the account. Under this, if the subscriber dies untimely, then the pension money is received by the nominee. With this, the nominee can take care of himself and his family. Tell me, the nominee will get the same amount as pension as the subscriber would have distributed them.
