How will employees opting for higher EPS 95 pension compensate for lower contributions earlier?

All 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. However, a higher contribution from now onwards is not enough, as they will also have to pay the additional contributions for the previous years.

from Personal Finance News-Wealth-Economic Times https://ift.tt/5LHlaVA