Sectoral Employer Order - We can Help!

Click here for more...

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

Click here for more...

Are you looking for a pension scheme for your employees? - CWPS can help

Click here for more...

Are you ready for the retirement you want? - AVC’s the smart way to save for your retirement

Click here for more...

Sick Pay benefit paid to active members

Click here for more...

Contribution Rates

The CWPS contribution rates mirror the recommended contribution rate specified in the Sectoral Employment Order (Construction Sector) 2023. If any of your employees are not Specified Workers detailed under the Sectoral Employment Order (Construction Sector) 2023, we have other rates available for pension, death in service and sick pay.  

New rates are effective 18th September 2023. 

Below are the weekly rates for Pension, Death in Service and Sick Pay contributions. New rates commencing 18th September 2023. There is 100% allocation to members' funds from pension contributions paid.


New rates commencing 18th September 2023

 
 EmployerMemberTotal
Pension Contribution €29.78 €19.87*  €49.65 
Death in Service Contribution €1.17  €1.17*   €2.34  
Sick Pay Contribution €1.27   €0.63   €1.90 
Standard Contribution Total  €32.22 €21.67  €53.89 

* Contributions for Pension and Death-in-Service Benefit are made before PAYE is calculated. 

CWPS facilitates the collection of some voluntary industry deductions as set out below on behalf of the social partner entities listed and these can be paid as a combined payment with the Pension, Death in Service and Sick Pay contributions. 

Weekly remittances charged by the Construction Workers' Health Trust and the Benevolent Funds.

 EmployerMemberTotal
Construction Workers Health Trust €0.00 €1.00 €1.00
Employer Benevolent Fund €0.19 €0.00 €0.19
Employee Benevolent Fund  €0.00  €0.50  €0.50 
Overall Total €32.41 €23.17 €55.58

 

Please take a note of the following rules:

  • The full weekly Pension, Death in Service and Sick Pay contribution rate is payable to the Scheme regardless of the number of days worked in a week by any member.
  • Both the member and employer portion of the Pension, Death in Service and Sick Pay contribution must be paid into the Scheme together to ensure that the member is covered for Death in Service and Sick Pay benefits.
  • The Pensions Act, 1990 as amended, requires all employers to pay contributions due to a pension scheme within 21 days of the end of the month in which the deductions were made. If Pension and Death in Service contributions due to the Scheme have not been paid on time an arrears rate will be applied to any unpaid contributions as per Rule 4.9 of the Scheme’s Trust Deed & Rules.

CWPS Calendar


New January to December 2024 Calendar click here

 

Cookie Preferences