I joined the company I worked for 3.5 years ago and joined into the pension scheme they had already going.
The paper work I was given was that I would put a percentage of my salary into the pension and the company would match it. I took note of a section on the booklet that said if the company goes into hard fanicial times it does not have to pay its percentage.
This week I went to my employeer after asking for the last 3 months for my pension statement or details of what is in it and he came clean that 2 years ago they dropped the employeers contribution from 5% to 1% and had not told anyone.
Further questioning of him I found out that for the last year they had not paid the employees percentage to the pension company or the employeers contribution but had continued to deduct it from our wages.
I was told they have been talking to the pension company and were arranging a pay back schedule with them.
What can I do?
The paper work I was given was that I would put a percentage of my salary into the pension and the company would match it. I took note of a section on the booklet that said if the company goes into hard fanicial times it does not have to pay its percentage.
This week I went to my employeer after asking for the last 3 months for my pension statement or details of what is in it and he came clean that 2 years ago they dropped the employeers contribution from 5% to 1% and had not told anyone.
Further questioning of him I found out that for the last year they had not paid the employees percentage to the pension company or the employeers contribution but had continued to deduct it from our wages.
I was told they have been talking to the pension company and were arranging a pay back schedule with them.
What can I do?