Su Myth retweetledi
The latest EPFO reply, read alongside the two earlier answers, completely dismantles the Government’s carefully constructed narrative used to justify meagre pensions under EPS.
“EPFO’s own employees draw an average pension of Rs. 37,045 per month”.
But the workers who sustained the system tell a different story:
* 35.9% (29,25,898 out of 81,48,490) survive on Rs. 1,000 or less per month - more than one in every three pensioners
* Over 60% (49.15 lakh) receive below Rs. 1,500
* 96.58% receive below Rs. 4,000
Meanwhile, the financial position of the scheme itself reveals no such scarcity:
• EPS corpus stands at Rs. 9.93 lakh crore as on 31.03.2025
• Interest income alone was Rs. 58,668.73 crore in 2023-24
* Other income added Rs. 863.62 crore - taking total extra income from the corpus fund to “59,532.35 crore”
Against this, the total pension paid to retired workers in 2023-24 was only “Rs. 14,990.45 crore” - barely about one-fourth of the annual income generated from the corpus, without even touching the corpus itself.
At the same time, EPFO’s own establishment and administrative expenditure in 2023-24 stood at Rs. 5,942.51 crore - nearly 40% of the total pension paid to elderly workers. “In effect, for every Rs. 2.5 paid as pension, Rs. 1 is spent on administration.”
The contrast is indefensible:
Those who administer the scheme receive dignified pensions averaging Rs. 37,045 per month, while the workers who contributed to it struggle to survive, with the overwhelming majority receiving less than Rs. 1,500 per month.
Social security cannot become a system where administrators receive Rs. 37,000 and workers are asked to live on Rs. 1,000- Rs. 1,500.
#rajyasabha #epfo #pension
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