Pension Employers Contribution based on last years salary

[InfoSeeker]

I work in a company (circa 100) people where the company contributes 5% of your gross salary and I contribute the same (I know I have the option to contribute more).

I have not been observant re my wage slip and have noticed that the 5% deduction from both myself and the employer is based on my wage from a couple of years ago.

I have asked our HR Dept to confirm that the pension policy should be based on current salary.

Also I have asked another employee and the same thing is happening to him.

Obviously company will not be happy if this is across the board but can someone let me know whether the company is obligated to make up the difference and also is the employee obligated.

Are is it a case that each employee has a duty to make sure the current deductions are made?

 

[ajapale]

Re: Pension Contributions

Hi Infoseeker,

Im moving this question to jobs and careers since it it not strictly a Pensions Issue.

I imagine that this is covered in your contract of employment. And that your employers failure to contribute 5% based on your current gross salary is a payroll mistake on their behalf.

aj

 

[InfoSeeker]

Apologies for that, an error on my part.

This has been resolved; was informed that the pension contribution is based on wage from April 1st so next month my contribution would be greater.