However, a higher contribution from now onwards is not enough, as they will also have to pay the additional contributions for the previous years. Moreover, only those employees who were contributing towards the employees’ provident fund (EPF) in higher proportion above the previous wage ceilings of Rs 5,000 and Rs 6,500 but could not opt for the higher contribution then can now apply for the higher pension.Īll eligible EPS 95 members who wish to apply for the higher pension will have to make a higher contribution towards EPS 95 from the employer’s share on the basis of the actual wages till the time they remain active members of EPF or retire. Only those employees who were members of EPS 95 prior to Septemand continued to be a member on or after September 1, 2014, are eligible for the higher pension.

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