The Employees' Provident Fund Organisation (EPFO) had previously introduced an online platform for subscribers to submit applications for the validation of pension option/joint options on higher contributions., Personal Finance News, Times Now
According to the official statement, more than 3.6 lakh applications for Validation of Option or Joint Options are still pending with the employers for processing
For those who will retire in the future, say in 2030, the EPFO said the pension will be calculated based on the provisions of EPS, 1995 that will “exist as on the date of the commencement of pension”.