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The official order from the Finance Department says that arrears should not be paid even if an aided school teacher or other staff produces a court order.
EPFO extends deadline to apply for higher pension till July 11
The interim order by Justice Ziyad Rahman A A on Wednesday came on several pleas by employees and pensioners claiming that one of the details to be furnished while opting for higher contribution was a copy of prior permission for the same, as mandated under the EPF Scheme of 1952.
In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent
The EPF is managed by the Employees' Provident Fund Organisation. Several retired and serving employees feel that the pension it disburses, which is not in proportion to their salary, is rendering a huge loss to all subscribers.
Those who make a contribution on higher wages, beyond the pensionable salary cap, to the Provident Fund, need not provide evidence for exercising the joint option as per 26(6).
The deadline within which the options have to be exercised is just 10 days away.
According to the order issued in this regard, the leave surrender amount of the employees who apply for it will be credited to their Provident fund (PF) account after March 20 this year. However, this amount can be withdrawn from the PF account only after four years.
The Supreme Court posted the appeals to Friday (July 15) after counsel for EPFO pointed out that one of the judges in the division bench was part of the Rajasthan High Court Bench that had passed an order in the matter.
Presently, over 138 regional offices of the Employees' Provident Fund Organisation (EPFO) disburse pensions to beneficiaries in their region separately.