Finance
EnglishEPFO revives higher pension: Will your payout increase?
A group of EPFO members might get a pension boost! EPFO has brought back a pre-2014 rule that lets some employees link their pension to their full salary. But hold your horses—this only applies to those who chose higher contributions before September 1, 2014. If you joined after that, sorry, no extra cash for you! Check with your HR or the EPFO website for updates.
few days ago | Business Standard
Quick rundown
1.EPFO may restore pre-2014 pension calculation options.
2.Higher pension contributions might be back for some employees.
3.No official EPFO circular confirms the reported changes yet.
4.Pre-2014, employees could contribute on full basic salary.
5.The change won't affect all EPFO members, only specific cases.
