I had joined a PSU run subsidiary last June (June, 2014). This subsidiary is a listed limited company. My offer letter which had a CTC attached with it showed a PF contribution of 12% of the basic+DA from the companies end. The PF is a PF trust run by parent company. The company has been deducting 12% of my basic+DA as PF contribution. But they have not been paying their contribution to the trust. On inquiry I have been informed that they will add their contribution to the account after I serve 5 years in the company. Is this legal? I might quit the company before the five term and might have to forego the employers contribution in it's entirety. They are currently deducting 4600 odd as my contribution.
I have attached the CTC sent with my offer letter for your reference and a recent salary slip for your reference.
Please help with this situation. All employees who quit before 5 years of service are not able to get the company contribution of PF.
I have attached the CTC sent with my offer letter for your reference and a recent salary slip for your reference.
Please help with this situation. All employees who quit before 5 years of service are not able to get the company contribution of PF.
2 Attachment(s) [Login To View]