Construction Pensions important when considering returning home .
Back 4 Good has received many enquires from people in the construction sector who are considering returning home for good and want to know if they can set up a new pension and add this pension to an existing pension that they may have taken out before the downturn .
indeed some Back 4 Good registrants held the view that once the departed Ireland for work that the lost their pension rights completely, this of course is not correct and your contributions are safe and there for you to draw down at retirement age
In the construction sector in particular many who left have moved jobs on a number of occasions and moved locations, the Construction Workers Pension Scheme is actively contacting members of the construction scheme with excellent online services including a ” calculate your pension ” tool on their site www.cwps.ie .
If you are considering returning home for good during the upcoming Christmas break this site is your first port of call .
You will be able to trace what benefits you have in the scheme and examine how to combine your old pension with a new pension with your new employer .
If you have moved through many jobs overseas you should register your latest address with www.cwps.ie so that they can send you relevant and important pension documents
Your contribution to your pension is held in trust ,it is your money and and trustees manage the fund for you so do not hesitate to find out your up to date information either online at www.cwps.ie we will post regular information on pensions and developments in the pension area to assist .
When you are considering your options on returning home your pension should be factored in as you may have a better lump sum and pension than you anticipated and this combined with a number of years of new contributions could make your retirement comfortable for you and your family .
