Changes in personal particulars
We will update a pensioner’s record with any changes to personal details once every month before effecting the monthly payroll.
Certificate of Life
We will send to each pensioner a certificate of existence, by 31 March each year for subsequent completion and return to the Fund. Failure to return the completed certificate will result in pension payment being suspended.
Death of a pensioner
We will acknowledge receipt of notice of death of a pensioner and start to process payment of dependents’ benefits, provided all details and documentation are at hand, within one month of receipt of the notice.
RE: REMITTANCE OF PENSION DEDUCTIONS/CONTRIBUTIONS DIRECT TO THE CONSTRUCTION INDUSTRY PENSION FUND
The Employer’s Organisations and the Trade Union, being parties to the Council have concluded their deliberations on the directive by the Insurance Pension Commission (IPEC) to allow the Pension Fund to collect on its behalf with effect from 01 October 2016. Employers are therefore requested to remit pension deductions/contributions directly to the Pension Fund.
The Construction Industry Pension is a successor to the Building Industry Pension Fund which was established on the 1 st of July 1969.