MORTALITY RATE OF PSB RETIREES

[MOHAN P]

Forwarded as received for information:

Source of data is not found revealed by author.

[Sanjay J]

IBA -UFBU would be very happy to see these figures,,,,

On Sun, 18 Jan, 2026, 6:42 am MOHAN P, <moha...@gmail.com> wrote:

Forwarded as received for information:

Source of data is not found revealed by author.

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[Kalyanasundaram Subramaniam]

Fact check through chatgpt provided the following:

1. What the chart is claiming (restated)

The chart claims to estimate:

• Population: Indian public-sector bank (PSB) pensioners

• Period: 2008–2025

• Metrics:

  • Total pensioner population

  • Estimated annual deaths

  • Implied mortality rate

• Total deaths (2008–2025): ~223,600

It also attributes changes to:

• Aging of “Baby Boomer” cohort

• COVID-19 waves (2020–2021)

• Post-COVID normalization

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2. Is this type of data officially published in India? Short answer: No, not in this consolidated form

In India:

• No single public dataset published by:

  • Ministry of Finance

  • RBI

  • IBA (Indian Banks’ Association)

  • Individual PSBs

…provides year-by-year pensioner population + deaths across all PSBs.

What does exist:

• Individual bank annual reports (SBI, PNB, BoB, etc.) sometimes disclose:

  • Number of pensioners

  • Actuarial pension liabilities

• IBA actuarial studies (not fully public)

• RBI supervisory data (not public at this granularity)

👉 Therefore, this chart cannot be an official government release. It is almost certainly an actuarial-style reconstruction or private estimate.

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3. Are the numbers plausible for Indian bank pensioners? (a) Pensioner population

The chart grows from ~320,000 (2008) to ~785,000 (2025).

This is plausible given:

• Large PSU bank hiring in the 1970s–1990s

• Mass retirements post-2000

• SBI alone has ~150,000+ pensioners

• All PSBs combined are commonly estimated in the 700k–900k range today

✔ Population scale looks reasonable

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(b) Mortality rates (1.3% → ~2.6%)

This is well within actuarial norms for Indian pensioners:

Typical benchmarks:

• Indian urban retirees aged 60–85:

  • Mortality ~1.2%–3.5% depending on age mix

• PSU pension funds often assume:

  • ~1.8%–2.5% weighted mortality in recent years

✔ Mortality percentages are credible

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(c) COVID-19 spike (2020–2021)

Chart shows:

• 2020: ~3.0%

• 2021: ~3.9%

For elderly populations in India:

• COVID disproportionately affected 60+ age group

• Excess mortality studies suggest significant undercounting nationally

• Many PSU pensioner associations reported unusually high deaths in 2021

✔ Direction and magnitude are plausible, even conservative

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4. Total deaths: ~223,600 (2008–2025)

If we sanity-check:

• Average population over period ≈ ~550,000

• Average mortality ≈ ~2.1%

• Annual deaths ≈ ~11,500

• Over 18 years ≈ ~207,000

➡ 223,600 is well within a reasonable actuarial range

✔ Aggregate total is internally consistent

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5. What the chart does not prove

Despite plausibility, the chart:

❌ Is not officially sourced
❌ Is not auditable without:

• Bank-wise pensioner counts

• Age-cohort breakdown

• Actuarial assumptions used
  ❌ Should not be cited as factual evidence in policy or legal contexts without source disclosure

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6. Most accurate characterization

Best description of the chart:

“A plausible actuarial estimate of Indian public-sector bank pensioner mortality, not an official government statistic.”

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7. When this chart can be useful

It is reasonable for:

• Pension cost modeling

• Policy discussion drafts

• Internal actuarial reasoning

• Trend illustration (aging + COVID impact)

It is not suitable for:

• RTI replies

• Court submissions

• Media claims

• Parliamentary references

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Bottom line

✅ The trends and magnitudes are plausible for Indian bank pensioners
❌ The figures are not officially verifiable
⚠ Treat it as an illustrative actuarial estimate, not a confirmed datase

S Kalyanasundaram

[Asok Bhaumik]

Out of 785000 retirees how many belong to pre-2002.

On Sun, Jan 18, 2026, 6:42 AM MOHAN P <moha...@gmail.com> wrote:

Forwarded as received for information:

Source of data is not found revealed by author.

[Veera Reddy]

About 100000

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