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EPFO urges employers to upload wage details till 31st Jan, 2025

Published: Dec 19, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 19, 2024: AN online facility was made available by EPFO for submitting Applications for Validation of Options/Joint Options for pension on higher wages. The facility was for eligible pensioners/members in compliance with the Hon'ble Supreme Court order dated 04.11.2022. The facility was launched on 26.02.2023 and was to remain available only till 03.05.2023. However, considering the representations of the employees, the time limit was extended to 26.06.2023 in order to provide a complete four months time to eligible pensioners/members for filing applications.

A last opportunity of 15 days was further given to remove any difficulty faced by the eligible pensioners/members. Accordingly, the last date for submission of Applications for Validation of Option / Joint Options by employees was extended to 11.07.2023 and a total of 17.49 lakh Applications for Validation of Option / Joint Options were received from pensioners/members till 11.07.2023.

In view of representations received from Employers & Employers' Associations wherein requests were made to extend the time period for uploading wage details of applicant pensioners/members, the employers were given multiple opportunities to submit wage details etc. online till 30.09.2023, again till 31.12.2023 and thereafter till 31.05.2024 to ensure that employers are able to process the applications.

In spite of so many extensions, it has been observed that more than 3.1 lakh Applications for Validation of Options / Joint Options are still pending with employers. Many representations have also been received from Employers & Employers' Associations wherein requests have been made to extend further time period for uploading wage details of applicant pensioners/members.

Therefore, a final opportunity is being given to the employers till 31.01.2025 to ensure that employers process and upload these pending Applications for Validation of Option / Joint Options.

Employers are also requested to submit replies/update the information by 15.01.2025, in over 4.66 Lakh cases where EPFO has sought additional information/ clarification in respect of applications that have been received and examined by EPFO.

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