The Employees’ Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries – as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month – towards pension. The apex court gave a four-month window to enable opting for higher pensions.
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