The Construction Workers' Pension Scheme (CWPS) is an industry-wide scheme covering the entire construction industry in the Republic of Ireland including employers covered by the Construction & Electrical Industry Registered Employment Agreements (REA) click here for a copy. It was set up to replace the Construction Federation Operatives Pension Scheme (CFOPS) and started in business on July 1st 2006. With membership in excess of 285,000 members CWPS is one of the biggest occupational pension schemes in Ireland.
The scheme allows employers to fulfil their legal obligations under the REA to provide pension, sick pay and death in service benefit cover for their employees and it gives its members the opportunity to build up valuable pension benefits for their retirement.
CWPS is operated on behalf of the industry by a trustee company called the Construction Workers' Pension Scheme Trustee Limited - known as the Trustee
, which consists of a Board of 11 Directors. The Scheme is governed by the Trust Deeds and Rules click here
for a copy of the Definitive Trust Deeds and Rules.
For more information on how the scheme works Click here