EPFO members now eligible for higher pension: Should you opt for it?

If you were a salaried employ ee as of September 1, 2014, there are chances that your employer would have sent you an email opting to get a higher pension (after retirement) under the Employees' Pension Scheme (EPS).

If you were a member of the Employees' Pension Scheme (EPS) as on 1 September 2014 then your last chance to opt for a higher pension ends next week, on March 3. Further, the Supreme Court has specifically stated that if somebody had retired prior to 1 September 2014, then this benefit is not available to them. Therefore, there will be no impact on those who retired prior to that date.

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