Sectoral Employer Order - We can Help!

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CWPS celebrating 50 years providing pensions to construction and related industries – Join us today

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Sick Pay benefit paid to active members

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Benefits at a Glance

The Construction Workers' Pension Scheme (CWPS), is a multi-employer occupational pension scheme providing pensions solutions for workers in the construction and related industries, at a low cost to members and employers. It allows employers to provide valuable benefits to their employees easily, at a low cost. Employers can register all Specified Workers detailed under all SEOs from age 15, but under age 70 who are directly employed by the company.

With over 50,000 active members supported by over 7,500 open employers, the Construction Workers' Pension Scheme is one of the largest private sector pension schemes in Ireland.

Membership of CWPS also satisfies the conditions of the current Sectoral Employment Order (Construction Sector) 2023, in respect of pension, Sick Pay and Death in Service benefit for all workers registered with CWPS.

CWPS is operated on behalf of the industry by an independent Trustee Company called the Construction Workers’ Pension Scheme Trustees Designated Activity Company.

Benefits of joining CWPS:

Saving for retirement

Savings to provide income in retirement

Death in Service cover for members

€100,000 benefit plus the fund value payable to the next of kin plus additional €5,000 for each eligible child 

Sick Benefit cover for members

€48.00 payable per day (€240.00 per week)

Full compliance with the Sectoral Employment Order (SEO)

Membership of CWPS also satisfies the conditions of the Sectoral Employment Orders (SEOs) in respect of pension, Sick Pay and Death in Service benefit for all workers registered with CWPS.

Joint Contributions

Pension contributions paid to individual funds by both employer and employees 

Tax relief

Tax relief on contributions paid and tax relief at retirement 

Flexible retirement choices

Flexible retirement age and flexible retirement options available to members

Excellent Lifestyle Investment – Age appropriate investment of fund

Age-related investment funds that are appropriate to the length of time to retirement

No administration costs

100% allocation on all contributions paid to CWPS by both members and employers

Additional Voluntary Contributions (AVCs)

Smart and tax efficient way of saving more for retirement, as relief from Income Tax is allowed on AVCs at the marginal rate

24/7 Online Access for employers and members

Online access for employers to pay the monthly subscriptions and members to access their Pension Accounts

Consultant Access

Using specialist knowledge and qualified staff CWPS helps employers provide a comprehensive benefits package

Strong governance

Full legal, actuarial and investment services provided to the Trustee

Full professional Administration Service

Professional pension administration company employed by the Trustee to administer the Scheme

Industry agreed contributions rates, uniform across industry

Pension contribution is 7% of the average industry wage set by National Joint Industry Council

No registration fees

Registration with CWPS is easy and free

No entry or exit charges on members moving employers within CWPS

A member's Pension Account will simply be transferred over to the other employer at no cost

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