Employers get 5 months of extra time to upload wage details for higher pension

The centre has given a five month extension to employers for validating wage details of their employees who seek a higher pension. An official statement said employers can now upload wage details online till May 31, 2024.

This facility was made available by Employees' Provident Fund Organisation (EPFO) for submitting applications for Validation of Option or Joint Options for pension on higher wages. This window was enabled after a Supreme Court order in November 2022 and it has been given multiple extensions.

More than 3.6 lakh applications for Validation of Option or Joint Options are still pending with the employers for processing. In all, 17.49 lakh applications have been received from pensioners till July last year, the statement added.