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...

Benefits at a Glance

CWPS is an occupational scheme and is administered by CIF Pension Administration Services company (CPAS). We help employers and employees in the industry to achieve financial security before and after retirement. With over 30,000 active members supported by over 2,000 participating employers, CWPS is one of the largest occupational pension schemes in Ireland. Because of economies of scales, CWPS is highly cost effective and provides excellent value for money for the benefits provided. CWPS is an industry-wide pension scheme specifically designed to meet the needs and requirements of construction and related industries.

Some  highlights of the 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 €3,175 for each eligible child 

Sick Benefit cover for members

€44.00 payable per day (€220.00 per week)

Full compliance with the Sectoral Employment Order (SEO)

Membership of CWPS also satisfies the conditions of the Sectoral Employment Orders (SEOs) for the construction sector 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