The never- ending saga continues with the hearing again postponed to 13.04.21.
You have seen the different arguments, often ridiculous and silly, put forth by EPFO, against our pleas, all these years.Now it has come up with the idea of paucity of funds as a final resort. And, Sir even if the SC orders in our favour the EPFO, finds another lame excuse to avoid implementation this we all know and experienced time and again.
Sir, it really beats us why the EPFO has to resort to such blatant lies. One reasonable doubt and explanation could be that the entire fund of lakhs of rupees has been diverted and exhausted already.
Furthermore, hundreds of crores coming in, every month, by way of contributions is a lucrative source.
They are able to play this game just throwing a few bucks( less than 1000 rupees) on our face taking safe shelter under the Act with multiple flaws.
It thus, want to survive the threat of making good lakhs of crores, diverted so far.Our leader Sri.Prasada Reddy garu has furnished the financial data of EPFO that as on 31.03.2020; the total corpous of EPFO, is nearly 5.31 lakh crores interest earned is 39,042 crores.
While the amount of pension disbursed is 11,321 crores only.That is pension disbursed is less than 29% of the total Interest accrued balance of 71% amount goes into Corpus or into black hole???Can we find any other plausible reason for this adamant and constantly evasive attitude of EPFO, for all these years.
Kindly offer your opinion and remarks. Thanks
We are covered under a Welfare Scheme devised and implemented by Central Government. Contributions are collected from our employers and from us it has been made mandatory you have no liberty to be exempted. The pensioners of Central government do not contribute even a single rupee. And yet, they are paid huge pension (nearly 50- times more than us) plus DA revised upwards, every 6 months.
Why this discrimination ??
If the ruling class has real sympathy towards us, the aged and ailing, they can absorb our entire corpus amount of nearly 6- lakh crores into Consolidate Fund of India (from where the pension amount of Central government pensioners is drawn and paid) and pay us on par with the pensioners of Central government.There seems to be no big problem here....except *there is no corpous fund left must be totally dry...escaped into black hole.
Kindly enlighten us anything in contrary, of course, with valid reasons Thanks a lot.
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