Ministry of Labour & Employment

• EPFO making all-out efforts to publicize the process of joint option which can be submitted online till 03rd May, 2023
• More than 8,000 members have applied online as on date
• Circular dated 20th February 2023 adheres to provisions of the Scheme and complies with Supreme Court orders

04 MAR 2023

The online joint (employee and employer) option form with the necessary documents has been hosted by EPFO in the unified portal for contributing on higher salary to the EPS-95. The form paves the way for giving effect to the SC order dated 04.11.2022, while adhering to the basic scheme provisions. More than 8,000 members have already applied online as on date though the submission deadline is 03rd May, 2023.

Since, the contributions of both the employee and employer on higher wages are involved, the EPF and EPS-95 schemes require the joint request when they contribute on higher salary. This is not a new requirement and predates the EPS-95 and the position has been affirmed by SC in the RC Gupta case stating that it is a necessary pre-cursor for exercising joint option on higher salary under EPS.

The circular dated 20th February 2023 adheres to the provisions of the Scheme and complies with the Supreme Court orders. The correct assessment of contributions and their deposit and diversion to Pension Fund, the past services rendered and the remittances made are necessary for correct calculation of the benefits and valuation of the Pension Fund. The EPFO closed the options on 4th of March 2023 for the retired EPS members (prior to 01.09.2014 and whose options were not considered earlier). It has received 91,258 online applications from this category of employees as on 04.03.2023.

EPFO has been making all-out efforts to publicize the process of joint option which can be submitted online till 03rd May, 2023. In respect of persons who were EPF members as on 01.09.2014, The online applications are being preferred by the employees since 27th February,2023 and already 8,897 members have applied to their employers.

PIB

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Employees Provident Fund Organisation
Ministry of Labour & Employment, Govt. Of India

To
All ACCs (Political states),
All RPFC-I (In-charge of Regions),
AH RPFC-II (In-charge of SROs)
(Through web circulation)

Subject: Leveraging Aadhaar for improving the services of EPFO – regarding.

Sir,
This is in reference to Head Office letter No. RI(UID/2010/300351 dated 21.01.2013 on the subject cited above. The issue of expeditious enrolment of the EPF members was discussed with UIDAI Officials. ¡t has emerged that UIDA1 through its registrars has been organising enrollment camps in 18 states only. Register General of India (RGI) has been collecting data in respect of the remaining states through National Population Register (NPR). While the data collected by RGI is also being processed for issue of Aadhaar numbers by UIDAI, the methodology used by RGI for setting up enrolment camps is different i.e. it is being done on the basis of house-to-house data collected by enumerators during Census Operations 2011, unlike UIDAI camps, where any resident, Irrespective  of the place of residence, can get himself enrolled for Aadhaar number. This enrolment may take considerable time.

In view of the discussions held with UIDAI officials and the time required in the process of obtaining Aadhaar numbers, it may not be possible to obtain Aadhaar number / Aadhaar Enrolment number by EPF members by 1st March,2013. Therefore, it has been decided to not to make Aadhaar Number / Enrolment number mandatory for EPF members from 1st March, 2013. However, the field offices would make maximum efforts to obtain the available Aadhaar numbers of the EPF members.

Further your attention is invited to Head Office letter no. MIS-II/ISO-9001/2011-12/24686 dated 9th November 2012 on implementation of ISO 9001 Certification for the field offices which is a mandatory success indicator under the Results Framework Document (RFD). The updation of members’ master in database ¡s one of the standards required for the purpose. In view of the benefits that would accrue both to the EPF members as well as EPFO, It has now been decided to collect the core banking account number of all the contributing members as indicated In ECR.

The Regional offices and Sub-Regional offices should make an all-out effort to collect the core banking account numbers in respect of all the contributing members as indicated in ECR. Compliance of instructions may kindly be ensured in this regard.

Source: www.epfindia.com
[http://www.epfindia.com/Circulars/Y2012-13/RI_UID_37496.pdf]

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As on 31.03.2012, total number of beneficiaries under Employees’ Pension Scheme 1995 are 41.03 lakhs and the amount of pension paid to these pensioners by the Employees’ Provident Fund Organisation (EPFO) is Rs. 4475.45 crores.

A proposal of the Pension Implementation Committee (PIC), a sub-Committee of the Central Board of Trustees, Employees’ Provident Fund (EPF) to enhance the minimum pension under Employees’ Pension Scheme, 1995 to Rs. 1000 is under consideration of the Government.

The Minister of State for Labour & Employment Shri K. Suresh gave this information in reply to a written question in the Rajya Sabha today about the the total number of Employees Provident Fund’s pension beneficiaries in the country and amount of pension being paid to them from exchequer; and whether Government will abide by its old promise to enhance their pension amount and if so, by when it is likely to be materialised.

PIB

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