'A' is contributing to EPF in his 1st organisation 'X' from 1982 and left there to join 'Y' in the yr 2008 and his accumulations in PF transferred to 'Y'. Again he left 'Y' in 2014 and joined 'Z' and retired in 2015 and his PF settled and stated receiving pension from 2015. His services extended in 'Z' with new PF number and both employee and employer PF contributions of 12% credited in his new PF account without any sharing in EPS.
He has applied for higher pension option through online portal of EPFO and got acknowledgement number. He came to know that his 2nd employment company is now under closure and their PF registration also surrendered. In view of this situation, his application for higher pension will not be endorsed by his 2nd employer 'Z' as there is nobody to view the employer portal or digitally approve the EPF communication in respect of his application.
In the above situation though he is eligible for higher pension his application's fate is in question.
Experts opinion in this case is solicited.
From India, New Delhi
He has applied for higher pension option through online portal of EPFO and got acknowledgement number. He came to know that his 2nd employment company is now under closure and their PF registration also surrendered. In view of this situation, his application for higher pension will not be endorsed by his 2nd employer 'Z' as there is nobody to view the employer portal or digitally approve the EPF communication in respect of his application.
In the above situation though he is eligible for higher pension his application's fate is in question.
Experts opinion in this case is solicited.
From India, New Delhi
In the second para of my above thread, please read "his second employer 'y' " instead of "second employer 'Z' "
From India, New Delhi
From India, New Delhi
If the employer is not available or the unit is closed, the EPFO will entertain hard copies of the option forms. If you have been contributing on salary above Rs 15000 (from 2008 to 2014 above Rs 6500, as the case may be) you can give options off line. Since you have withdrawn the PF accumulations, which should have contained an element of employer's share on higher salary which ought to have gone to pension fund, you will have to refund that amount to EPFO with interest.
From India, Kannur
4244From India, Kannur
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EPFO - Higher Pension Option Form - Final.doc
EPS_Option_form at_for_pre_post _retiree_Joint Option Form for higher pension.pdf