00:00Are you also hoping to get more pension from the EPFO of the Karmachari Bhavishya Nidhi Sangat?
00:11Then soon water can flow on your hopes.
00:14According to the order of the Supreme Court, the EPFO has started giving more pension to people.
00:20But about 5 lakh people can be deprived of it.
00:24Because their high pension application can be rejected.
00:27So let's tell you in detail in this video that what is this whole matter?
00:32The Supreme Court of the country ordered the EPFO in November 2022
00:37that it should provide more pension to its subscribers.
00:41After this, the EPFO decided the rules and process for it.
00:45And now they have started issuing payment orders for it.
00:49So far, more than 21,000 payment orders of high pension have been released.
00:54So far, more than 21,000 payment orders of high pension have been released.
00:59But 5 lakh people can be deprived of it.
01:03The EPFO says that it has a large number of such people in its subscribers
01:07who work with those employers who manage the money of the employees' provident fund and pension fund themselves.
01:15In this, most of the trust-based companies come, who get the freedom to manage the fund from the EPFO.
01:21In this way, water can flow on the hope of these people's high pension.
01:25There are about 1552 employer organizations in the country that work under the tutelage of the EPFO.
01:32And most of them are private sector organizations.
01:35According to media reports, due to the order of the Supreme Court,
01:39the EPFO has received applications from more than 721,000 employees for high pension.
01:46But the EPFO can reject more than 5 lakh applications from this.
01:51This is about 65% of the total applications.
01:54Most of these applications can be of trust-based employers.
01:58They do not come under the existing rules of EPFO's high pension.
02:02The first condition in the qualifications to get more pension than EPFO is
02:07that your EPFO membership should either start after September 1, 2014
02:13or even if you are already a subscriber of EPFO,
02:16your subscription should continue even after September 1, 2014.
02:21The same government gave information in the Lok Sabha that
02:24pensioners have applied under the Employer Pension Scheme of EPFO 1995, i.e. EPS95, for higher pension.
02:33The EPFO received a total of 17,48,768 applications.
02:38Out of these 17,48,768 applications,
02:411,65,621 demand notices, i.e. a notice to deposit the remaining amount to the members for high pension, were sent by January 28, 2025.
02:53What is your opinion on this news?
02:55Give us your opinion in the comment box and keep watching Good Returns for such updates.
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03:08Readers should consult with a professional financial advisor before making any financial decisions.
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