EMPLOYMENT LAW UPDATE
30th September 2023
Issue No. 14/23-24
THE MINISTRY OF LABOUR AND EMPLOYMENT EXTENDS TIME LIMIT TO UPLOAD WAGE DETAILS REGARDING PENSION ON HIGHER WAGES.
The Ministry of Labour and Employment (“Ministry”) on 29 September 2023 has extended three months’ time for employers to upload wage details etc. regarding pension on higher wages.
BACKGROUND
In compliance with the Hon’ble Supreme Court order dated 4th November 2022, an online facility was made available by the Employee Provident Fund Organization (“EPFO”) for submitting applications for validation of option /joint options for pension on higher wages.
The facility was launched on 26th February 2023 and was to remain available only till 3rd May 2023. However, considering the representations received from the employees, the time limit was extended to 26th June 2023 in order to provide complete four months’ time to eligible pensioners / members for filing applications.
Based on further requests for time the period was extended to 11th July 2023 and then to 30th September 2023.
CURRENT STANCE
The Ministry has however noted that 5.52 lakh applications for validation of option / joint options are still pending with employers, as on 29th September 2023.
Therefore, in consideration of the number of applications pending and having received further representations from employers and employer associations to extend the time period for uploading wage details of applicant pensioners / members, the request has been considered sympathetically and the Chairman, Central Board of Trustees has extended the time, for the employers to submit wage details etc. till 31st December 2023.
The press release can be accessed here.
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