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

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

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Sick Pay benefit paid to active members

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CWPS Pension Contribution Rates

The CWPS contribution rates are based on the recommended contribution rate specified in the Sectoral Employment Orders (SEOs) for the construction sector. Currently this contribution is 7% of the average basic construction wage. The employer contributes 4.2% and the employee contributes 2.8%.

Below are the weekly rates for Pension, Death in Service and Sick Pay contributions.

The pension rates will change on the 1st of October, 2019.

There is 100% allocation to members' funds from pension contributions paid.

Rates for the Construction & Related Industries up to the 30th of September, 2019.

 
 EmployerMemberTotal
Pension Contribution €26.63 €17.76*  €44.39 
Death in Service Contribution €1.11  €1.11*   €2.22  
Sick Pay Contribution €1.27   €0.63   €1.90  
Standard Contribution Total  €29.01  €19.50  €48.51 

* 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 €29.20 €21.00 €50.20

 

Here you can also download CWPS pension contribution rates for previous years -