While there were 534,869 contributing establishments with retirement fund manager EPFO in September, the number fell to 504,044 in October, according to official data. The situation improved gradually month on month until October’s decline. The number of workers or members contributing to the pension fund fell by 1.8 million in October from the previous month, data accessed by Mint showed. While there were 47.68 million contributing members in September, this went down to 45.82 million last month. It may have got registered in a particular period or month due to companies tabulating those data and sharing with EPFO.
Source: Mint November 18, 2020 00:33 UTC