To enable a higher monthly pension payout upon retirement by increasing the pensionable salary base.
Joint Option under Erstwhile Para 11 (3) & Para 11 (4) of EPS'95 joint option under para 11(3) of eps 1995 form download
The "Joint Option" refers to a formal agreement between an employee and their employer to divert a higher percentage of the employer's contribution (8.33%) into the Pension Fund based on full salary instead of the capped limit (currently ₹15,000). To enable a higher monthly pension payout upon
Eligibility for exercising the joint option generally includes: joint option under para 11(3) of eps 1995 form download