EPFO Payroll Count

Retirement fund body EPFO added 16.82 lakh new subscribers in May 2022, nearly 83 per cent more than 9.2 lakh enrolled in the year-ago month, according to official data. The provisional payroll data of EPFO released on Wednesday showed an increase of 7.62 lakh net subscribers in May 2022 as compared to the net subscription in the month of May 2021 last year, the labour ministry said in a statement. The EPFO had added 9.2 lakh net new subscribers in May 2021, it said. Out of the total 16.82 lakh subscribers added during May 2022, around 9.60 lakh new members have been covered under the ambit of EPF & MP Act, 1952 for the first time. Approximately 7.21 lakh net subscribers exited but rejoined EPFO by changing their jobs within the establishments covered by EPFO and opted to continue their membership under the EPF Scheme, by transferring their funds instead of applying for final PF withdrawal, it stated. The new enrolment during the month is higher than the monthly average recorded .

Retirement fund body EPFO recorded net new enrolments of 12.83 lakh in June, giving an employment perspective in the country.

A certain set of establishments (not all), with at least 20 employees, are required to make contribution towards the provident fund (PF) of its workforce.

Gross enrolments of new subscribers with the ESIC were 14.9 million during 2018-19, the National Statistical Office (NSO) said in a report

The payroll count is essentially the difference between the number of workers who joined and exited from the EPFO's fold and as such is the net addition to jobs