Demand letters for Rs 1,974 crore issued to higher pension applicants under EPS

A total of 32,591 demand letters have been issued with the cumulative demand raised of Rs 1,974 crore till October 12 from the applicants who opted for higher pension under the Employees’ Pension Scheme (EPS). The progress of applications for higher pension, which have totalled to around 17.49 lakh, was discussed in the latest meeting of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) held on October 31.
Out of the total 32,591 demand letters, 19,957 are for subscribers from exempted establishments and 12,634 from un-exempted establishments, as per the data shared in the CBT meeting. Around 11.51 lakh forms have been submitted by employers to the field offices of the EPFO, while 5.97 lakh forms are pending with employers.
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