From the 1st January 2007 the REA provides that 7% of the average Construction Industry wage is deducted for weekly pension contribution. This is broken down to 4.2% employer and 2.8% worker. The pension contribution element qualifies for tax relief based on current tax rate.

2009 Weekly Contribution - Builder Rate

	Employer	Worker	Total
Pension Benefit*	€28.79	€19.20	€47.99
Death in Service benefits*	€1.11	€1.11	€2.22
Sick Pay	€1.37	€0.69	€2.06
Health Trust	€0.00	€1.00	€1.00
Benevolent Fund	€0.19	€0.50	€0.69
CIMA	€0.32	€0.32	€0.64
Total	€31.78	€22.82	€54.60

* PAYE & PRSI allowable

It is the responsibility of the employer to deduct the weekly deduction from their employee wages and in line with the Pensions Act 2002, full contributions must be returned to the pension scheme within 21 days of month following the deduction.

Retrospective payments are the responsibility of the employer (see failure to comply)