| Construction workers should check pension benefits |
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| Written by Rachael Finucane | |
| Wednesday, 09 April 2008 | |
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Limerick residents who work in the construction industry or used to do so are being urged to find out more about the benefits of the Construction Workers' Pension Scheme (CWPS). Oliver Haslette, Chairman of the Trustees CWPS, said that "building workers have a legal entitlement to be covered for pension, sick pay and death in service benefit" and may not be aware of this. "Being a member of the CWPS is much more than organising a pension for the future. It also ensures that you are covered for valuable benefits in the event of sickness or death." He pointed out that those Limerick residents who are or were part of the scheme should have received a benefits statement during 2007. "We are asking those who have not, or who are not sure, to contact us," added Mr Haslette. Over 188,700 benefits statements were issued in 2007 but building workers often move around and the CWPS also appealed for builders to keep membership details up to date. The benefits statement shows the current value of a pension, the pension's estimated value on retirement, confirmation of the contributions made by the employee and employer and membership details in the event of a need to claim sick pay or families seek to claim death benefit. The Construction Workers' Pensions Scheme is rated as one of the best in the country in terms of cost and benefits and is the largest private pension scheme in Ireland with assets of over €1 billion. The CWPS is available on 1850-940221, by emailing This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or visiting www.cwps.ie. |
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