EPFO Extends Deadline for Uploading Pending Pension Applications to January 2025
EPFO extends deadline for employers to upload wage details for pending pension applications to January 31, 2025. This decision follows multiple requests from employers to complete the process for 3.1 lakh applications.
EPFO extends deadline for employers to upload pending pension applications to January 31, 2025, providing a final chance for compliance with the Supreme Court’s ruling.
Extension of Deadline:
- The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for employers to upload wage details for pending pension applications.
- New deadline: January 31, 2025.
Reason for Extension:
- The extension follows multiple requests from employers and employer associations for more time to complete submissions regarding 3.1 lakh pending pension applications on higher wages.
Launch of Online Facility:
- EPFO launched an online facility on February 26, 2023, for submitting applications related to pension on higher wages as per the Supreme Court’s November 4, 2022, order.
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Previous Deadline Extensions:
- The initial deadline was May 3, 2023, but it was extended several times:
- To June 26, 2023, for a four-month window for filing applications.
- To July 11, 2023, after a 15-day grace period.
- Online submission was extended till September 30, 2023, and then to December 31, 2023.
- Employers were given another extension till May 31, 2024.
Pending Applications:
- Despite multiple extensions, over 3.1 lakh applications remain pending for validation of options or joint options for pension on higher wages.
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Final Opportunity:
- The ministry has now provided a “final opportunity” for employers to process and upload the pending applications by January 31, 2025.
Additional Information Requests:
- EPFO has requested employers to update or clarify details in over 4.66 lakh cases where additional information is needed.
- Employers must respond by January 15, 2025, to ensure smooth processing and compliance with the Supreme Court’s directive.
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Objective:
- This final extension allows employers to fulfill their obligations and complete the pension validation process under the Supreme Court’s ruling.
Employers now have a final opportunity until January 31, 2025, to upload pending pension applications and respond to information requests, ensuring compliance with the Supreme Court’s directive for pension validation.
Disclaimer: This is not financial or investment advice. Please conduct your own due diligence or seek expert guidance for financial planning.
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