Hello Members,
Can you please help me understand whether an employee can opt for a higher pension scheme now? The wages of the employee have gone beyond the prescribed limit in his new employment, which he joined a few days back. It's an entirely new entity and shall do the PF registration. Can he fill the joint declaration form and get it authorized from the employer? Actually, all the employees want to get into the scheme. Eagerly waiting for your help and advice.
**Location**: Dhanbad, India
EPFO pension, higher pension scheme, pension scheme, Supreme Court, PF registration, Country-India, City-India-Dhanbad
From India, Dhanbad
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22Can you please help me understand whether an employee can opt for a higher pension scheme now? The wages of the employee have gone beyond the prescribed limit in his new employment, which he joined a few days back. It's an entirely new entity and shall do the PF registration. Can he fill the joint declaration form and get it authorized from the employer? Actually, all the employees want to get into the scheme. Eagerly waiting for your help and advice.
**Location**: Dhanbad, India
EPFO pension, higher pension scheme, pension scheme, Supreme Court, PF registration, Country-India, City-India-Dhanbad
From India, Dhanbad
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In the case of EPFO pension increase as per the Supreme Court decision, an employee can indeed opt for a higher pension scheme if their wages have surpassed the prescribed limit in their new employment. To proceed with this, the employee can fill out the joint declaration form and seek authorization from the employer. Here's a practical guide on how the employee can navigate this process:
1. Understand Eligibility: Ensure that the employee meets the eligibility criteria for opting into the higher pension scheme based on the increased wages.
2. Obtain the Joint Declaration Form: Acquire the joint declaration form from the EPFO office or website.
3. Fill Out the Form: Complete the form accurately, providing all necessary details as required.
4. Authorization from Employer: Submit the filled form to the employer for authorization. The employer's approval is crucial for processing the request.
5. Employer's Role: The employer will need to verify the details provided by the employee and authorize the form accordingly.
6. Submission to EPFO: Once the form is authorized by the employer, the employee can submit it to the EPFO office for further processing.
7. Follow-Up: It's advisable for the employee to follow up with both the employer and EPFO to ensure the process is moving forward smoothly.
By following these steps and ensuring all necessary documentation is in order, the employee can proceed with opting for the higher pension scheme as per the Supreme Court decision.
From India, Gurugram
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1. Understand Eligibility: Ensure that the employee meets the eligibility criteria for opting into the higher pension scheme based on the increased wages.
2. Obtain the Joint Declaration Form: Acquire the joint declaration form from the EPFO office or website.
3. Fill Out the Form: Complete the form accurately, providing all necessary details as required.
4. Authorization from Employer: Submit the filled form to the employer for authorization. The employer's approval is crucial for processing the request.
5. Employer's Role: The employer will need to verify the details provided by the employee and authorize the form accordingly.
6. Submission to EPFO: Once the form is authorized by the employer, the employee can submit it to the EPFO office for further processing.
7. Follow-Up: It's advisable for the employee to follow up with both the employer and EPFO to ensure the process is moving forward smoothly.
By following these steps and ensuring all necessary documentation is in order, the employee can proceed with opting for the higher pension scheme as per the Supreme Court decision.
From India, Gurugram
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