EPFO : Problems & Solutions
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EPFO : Problems & Solutions.
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A Live / Archive Blog Magzine Page.
EPFO : Economic Page.
Volume 1.Series 2.
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Cover Page : 0.
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Editorial Page : 2
Chief Editor.
Dr. Manish Kumar Sinha.
Chairman EDRF. New Delhi.
Editor's world.
Editor's world.
Ravi Shankar Sharma. Editor. Nainital
Dr. Naveen Joshi. Editor. Nainital.
Manoj Pandey. Editor. Nainital.
Dr. Shailendra Kumar Singh. ( IFS) Writer. Raipur.
Anupam Chauhan. Editor. Lucknow.
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Assistant Chief Editor.
Dr. R.K. Dubey.
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Chiranjeev Naath Sinha. A.D.S.P. Lucknow.
Col. Satish Kumar Sinha. Retd. Hyedrabad.
Capt. Ajay Swaroop ( Retd. Indian Navy.) Dehradun.
Raj Kumar Karn. ( Retd. D.S.P.)
Vijay Shankar ( Retd. D.S.P. )
Anup Kumar Sinha. Entrepreneur. New Delhi.
Dr. Prashant. Health Officer. Gujrat.
Dr.Bhawna. Ujjain
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Visitors.
Pankaj Bhatt. S.P. Nainital.
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Stringers. Abroad.
Manvendra Kumar.Live India News 24.
Kumar Saurabh.Public Vibe.
Er. Shiv Kumar. India TV.
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Legal Umbrella.
Sarsij Naynam ( Advocate.High Court.New Delhi).
Rajinish Kumar ( Advocate. High Court.)
Ravi Raman ( Sr. Advocate )
Dinesh Kumar ( Sr. Advocate )
Sushil Kumar ( Sr. Advocate )
Vidisha ( Lawyer )
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Writers.
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Dr. Madhup Raman. Ph.D., L.LB
Rajeev Ranjan, Core Accountant. New Delhi.
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Contents Page : 3.
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Morning / Evening Post.
Editorial Pages /
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Contents Page : 3 / 0
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Morning / Evening Post : Contents Page : 3 / 0 / 1
How to Apply the Pension Scheme On Line.
Step 1 : Log in https://unifiedportal-mem.epfindia.gov.in
Fill your User Id as your UAN number.
Fill Password and Captcha.
OTP will be sent on Registered Mobile. Fill it and log in
Step 2 : At top Menu Bar in Home you get
a.View b. Mange c.Account d. Online Service.
Step 3. In top Green colored Menu Bar
a.Under the View options are in four
a. Profile, b.Service History.c.UAN Card. d.Passbook.
In View see the Service History.
b. Under Manage option
a.Basic Details
b.Contact Details
c.KYC
d.Nomination
e.Mark Exit
c. Under Account option
Change Password.
d. Under Online Service has 4 options
a. Claim ( Form -31,19,10C,& 10D)
b. One Member One EPF Account (Transfer Request )
c. Track Claim Status
d. Download Annexure K
You have to choose 10 D in a. Option Calm ( Form - 31 )
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10 D in a. Option Calm. ( Form - 31 )
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Requirements : As 10 D needs DOE ( Date of Exit ) before its applying for Pension Scheme that there must be DOE EPS ( Date of Exit in Pension Scheme ) only needed in which date of Exit should be mentioned by the Employer verified with digital sign.
Reason : Superannuation / : or Retirement for the reason should be given.Being in the school you are authorised for getting pension.
If you have been retired from your service then you can opt Retirement.
In my case Superannuation will be selected. If you are in service that is remaining then opt for Superannuation.
Date of Exit : EPS ( Employee's Pension Scheme) self calculates the date of exit one day Before of DOB if the check box is chosen.
As soon as the Employer strikes the check box given at the top Date of Exit in EPS it takes automatically.
Suppose your DOB is 20.1.1965. then your Date of Exit will be 19.1.1965 will be selected automatically. Reaching one day before 58 years.
By choosing that check box it takes automatically.
Note : There should not be brought any change in the Date of Exit in EPF ( Employees' Provident Fund).
As in normal case EPF ( Employees' Provident Fund ) remains in the continuation period and it has to be continued till 2025.
If it is done it is understood that it has been manually filled.
As we know that EPF is submitted to the different portal in term of organisation, DAV. it is submitted to the DAV Portal differently and separately.
Step 4 : Then after getting the date is mentioned after 2 days now we will apply for 10D
Contents Page : 3 / 0 / 2.
How to Apply 10 D for getting Pension.
Step 0 : It can be applied in both modes On Line and Off Line Mode.
Step 1 : Log in https://unifiedportal-mem.epfindia.gov.in
Long in with your ID & Password.If it is asked to change then change your Pass Word. Your User ID will be simply your UAN Number. Filling Captcha, and OTP go ahead.
Step 2 : Update your name, KYC, Pan, Bank, Aadhar.
Step 3 : Choose the Deferred Pension if you wish as you can avail facility of 4 % enhancement in Payment.
Deferred Pension can be opted by the age of 50 but the less 4% payment will be there.
Deferred Pension : You must be a member of the EPFO. You must have attained the age of 50 years for early pension and 58 years for regular pension. In case you defer the pension for 2 years (until you reach the age of 60 years), you will be eligible to receive the pension at an additional rate of 4% per year.
But you have opted the EPS to be exited on the day then you can not be eligible for the deferred pension.
But at the reaching of age 59 and 60 year we can get the 4% enhanced amount of our pension.
So better to opt the age of 60 years.
Step 4 : At the top of the Menu you get d. Under Online Service has 4 options
a. Claim ( Form -31,19,10C,& 10D)
b. One Member One EPF Account (Transfer Request )
c. Track Claim Status
d. Download Annexure K
Choose a. Claim ( Form -31,19,10C,& 10D).You will get the heading of 19 / 10 D / etc.
Keep starting filling your farm 10 D. You need these for filling
a.Aadhar Number
b.Registered Bank Account. IFC Code. Cancelled Cheque or the first page of Pass Book in jpg Mode.
c.Registered Mobile for OTP
This is a Composite Claim Farm 19 working less than 9 years which can transfer EPS
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Editorial Contents Page : 3 / 1.
How to get more pension from EPFO.
Writer : Dr. Madhup Raman. LL.B.
Prem. EPFO Office Ranchi.
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You Tube.Contents Links.
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to opt or not to opt.
Visit this link.
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How to apply for pension.
Simply press the given below link.
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opt or not. Simply press the given below link. |
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Starring Features of this Scheme.
Usually we get the employees in private sector get the very less pension, in this regards the Hon'ble Supreme Court gives the directions to the EPFO.
But this is a matter of great discussion and coming with personal opinion. Any one can be different with his/ her opinion.
However these are the salient features as below.
a. Last Date of Applying this to the Regional EPFO is 3rd of March 2023. 8 March 2023 is to EPFO Central Department.
b. Employee and Employer will jointly give the joint application to EPFO.
c. EPFO Ministry of Labour & Employment has issued the new circular on 20th February 2023.
d. People who have been the subscriber of EPFO on 31st of August and after the date can apply this.
d. For the submission of Joint option under para 11 (3) and Para 11 (4) of Employees Pension Scheme 1995 for claiming pension on actual salary limit of Rs. 15000/- based upon the Hon'ble Court's Order in C.A.No. 008143 - 008144/ 2022 titled ' EPFO vs Sunil Kumar on 4.11.22.
e.Earlier it was around 8.33% of the limit of 15000/. Now it has been increased to the actual salary ( Basic ) so therefore it will be deducted @ 8.33 % of the big amount of salary. So Naturally the employee will get the handsome pension.
f. Applied formula is = Length of Service x Basic Salary / ( divided by 70 )
As the full length of Service is assumed 35 years.
the Average Basic Salary will be decided for last 5 years meant average salary taken by you between 53 years to 58 years as per the direction of the Hon'ble Court.
g. Your Spouse will get 50% amount of your pension after your demise.
h. Your 2 dependants below 25 years will get about some percentage of your pension.
i.If the interest exceeds in anyone's PF Account more than 2.5 lakhs then remaining interest amount is taxable. As in the new case more amount will be deducted so interest will be falling less than 2.5 lakhs.
j.+ 12% Employee's Contribution ( EPFO keeps this amount in the Employee's Provident Fund
+ 12% Employer's Contribution ( 8.33% Employee Pension Scheme + 3.67 % Employee Provident Fund )
Percentage will be same as 8.33 % and + 3.67 %. Earlier it was fixed 8.33% for the fixed 15000/- amount, now in the new pension scheme it will be 8.33 of your gross basic salary paid in Employee Pension Scheme.
Every year Central Government too pays 1.6 % contribution in the Employee's provident fund.
Beneficial for Whom.
Merits :
a. As this has been directed by Hon'ble Supreme Court to EPFO so it is in the favour of common People.
b.Those who are the verge of Retirement for them it is too beneficial as earlier deduction will be less taken and just after retirement they will get the handsome pension for themselves.
c. For all employees they are contributing fixed 50% amount to their spouse so that they can survive after them.
d. Even it fixes the amount for their dependant.
e. Employee himself gets the handsome amount for themselves for their survival.
Demerits :
a. As in the New Pension Scheme 8.33% of Basic Gross Salary will be contributed in Pension Scheme so after you and your spouse this amount is universally not refundable.
In the earlier case 8.33% of limit amount 15000 was going so that amount was remaining less.
But in the new pension scheme limit of 15000 is exempted and now the 8.33 % of Gross Basic amount will be credited to your Pension Account for which you will be getting the higher pension.
b. If you don't opt the new one you can get 8 % interest on credited amount in Provident Fund that will create big amount for your at the time of retirement. And after surrendering that amount in fixed deposit in Bank or Post Offices you can earn the desirous amount.
How to get information Regarding UAN no
Step 1 : Log in https://unifiedportal-mem.epfindia.gov.in
Step 2 : You may be asked to change your password. Change your password by filling old one password then after choosing new password.
Tick the box. And Choose ADAHAR OTP.
Step 3 : Again log in with the UAN No, Newly set password and Captcha.
Step 4 : Go for Profile.
Step 5 : Go for the left sided word. Service. Click it.
Step 6 : Get Member ID as Pension A/C no
Step 7 : Get Establishment Name as DAV Public School.
Step 8 : Get Establishment ID as Establishment Code.
to be continued ...
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Contents Page : 3 / 2.
As 10 D needs only DOE EPS ( Date of Exit in Pension Scheme only ) in which date of Exit should be mentioned.
There should not be any change brought in the Date of Exit in EPF. As in my case EPF it is in the continuation period and it has to be continued till 2025.
If it is done it is understood that it has been manually filled.
As we know that EPF is submitted to the different portal in term of organisation, DAV. it is submitted to the DAV Portal differently and separately.
Respected Sir
With due respect and humble submission I would like to draw your kind attention regarding progress of EPFO ( Pension ) and your earnest asking I am sharing the letter sent by EPFO,Patana to you,Sir. In this letter it has been suggested to form 10 D Online.
I,therefore earnestly request you to do needful in this regard and make me obliged to you forever.
Yours Sincere
Madhup Raman
Sr.T.G.T.
DAV Public School
PG Campus, Bihar Sharif.
Dated : 1.12.23.
Nice page
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