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Tenants Charter
Who Are We
Welcome to CIPF
The Construction Industry Pension Fund (CIPF) is a successor to the Building Industry Pension Fund which was established on the 1st of July 1969. It is registered under the Pensions and Provident Funds Act (Chapter 24:09) and constituted by Statutory Instrument (SI) 323 of 1991 as amended by SI 243 of 2006. Its rules and regulations are founded in SI 239 of 1992 as amended by SI 276 of 1995. The Fund’s constitution and regulations are amended from time to time to align with laws of the country and changed circumstances. The objects of the Fund are to provide for the payment of pensions and death benefits and to enable employers should they wish to do so, to provide past services pension benefits for their employees. It is a Defined Contribution Occupational Pension Scheme.
55
Years of Experience
Withdrawal
The benefit is payable when an employee ceases work and does not want to defer his contributions till retirement age.
Death Benefits
Death benefits are in two forms, full death benefits and refund on death. Twice annual salary is payable for contributory service
Overage Refunds
This refers to refund of member contributions made erroneously after they were previously awarded benefit in retirement (ill-health, early, normal or late).
Ill-health Early Retirement
ill-health benefits, these are awarded to any member that would have been compelled by health to cease working in the industry.
Retirement Benefits
Retirement benefits are paid to members upon attainment of retirement age being guaranteed for sixty months or life.
Benefits Of Choosing Construction Industry Pension Fund
Ill-health Early Retirement
These are awarded to any member that would have been compelled by health to cease working in the industry.
Withdrawal
The member may elect to receive a deferred pension payable from normal retirement date based on the total amount payable or a refund
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The Fund is committed to providing high standards of service delivery to all of its stakeholders.
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