What is higher-pension option that 15 lakh EPFO members are seeking?

The higher-pension option under the Employees’ Provident Fund provides an opportunity for subscribers to increase their pension payouts under the Employees’ Pension Scheme. The option allows eligible EPFO members to contribute towards their pension based on their actual wages, subject to applicable rules, instead of the pensionable salary ceiling. Over 15 lakh EPFO members have sought this option.