CWPS for Employers
The Construction Workers’ Pension Scheme (CWPS) is a specifically designed pension scheme to meet the needs and requirements of employers in the construction and related industry.
CWPS has been in operation since 1965 through its predecessor the Construction Federation Operatives Pension Scheme and is currently one of the largest occupational pension schemes in Ireland. Employers who are part of CWPS can be confident in the knowledge that their employees who are registered with the Scheme not only have a retirement plan in place but can also be looked after in the event of sickness or premature death. As well as providing retirement benefits CWPS also provides low cost Death in Service and Sick Pay benefits.
CWPS offers excellent value to employers and employees alike through a transparent charging structure and there are considerable tax advantages for employers who pay contributions to CWPS.
As part of our services we offer a state of the art Online Payment System (OPS) for employers allowing them to easily manage their monthly pension payments. Our promise is to offer all employers registered with the Scheme an excellent customer service through our fully qualified staff. CWPS is also well recognized on both national and international levels and was awarded the Best Pension Fund in Ireland category at the 2014 and 2015 IPE European Pension Awards.
Membership of CWPS allows employers to fulfil their legal obligation under the Pension Act 1990, as amended, to provide access to at least one Standard Personal Retirement Savings Account (PRSA).