Sectoral Employment Order
Legislation has been introduced by the Minister of State at the Department of Business, Enterprise and Innovation which provides the construction sector with Sectoral Employment Orders (SEOs). Legislation came into effect on 19th October 2017 for the Construction Sector , 6th March 2018 for the Mechanical Engineering Building Services Contracting Sector and 1st September 2019 for the Electrical Sector. These laws make legal requirements for employers in every sector of the construction industry to provide a pension, sick pay and death in service scheme for specified workers in the industry. There has also been a review of the Construction Sector SEO and as a result it has updated some of the legal requirements which will be effective from the 1st of October 2019.
The SEOs recommend rates of pay for specified workers as well as pension, sick pay and death in service for such workers between specified ages up to 65.
View the list of specified workers who are covered under the legislation.
The Minister has indicated that the pension scheme for workers under the SEOs should operate under particular standards and benefits for members. CWPS meets all the criteria set out by the Minister in the legislation so employers who have all their specified workers in CWPS can be assured that they fulfil their legal obligations under the SEOs to have their workers covered for death in service and sick pay benefits.
Is your current pension scheme SEO compliant?
Pension Contribution Rates
The CWPS pension rates correspond to rates set out in the SEO.
SEOs for Employers – what does it mean for you?
Employers in the construction sector are now legally obliged to implement the recommendations of the SEOs for all their specified workers aged between 18 and 65. You can view our helpful video here.
SEOs for Employees – what does it mean for you?
If you are an employee working in the construction sector who is covered by a SEO, your employer should ensure that you are registered in a SEO Pension scheme so you can start saving for your retirement and also be covered for death in service and sick pay benefits. CWPS mirrors all of the legal requirement as set out by the SEO's. You can view our helpful video here.