Church Workers Pension Fund
The Church Workers Pension Fund (CWPF) offers benefits to non
ordained church staff. It has three sections:
- Defined Benefits Scheme (DBS)
- Pension Builder Classic (PB Classic)
- Pension Builder 2014 (PB 2014)
Any organisation whose work is associated with the Church of
England can use the CWPF to provide pension benefits to its
employees. The section you are a member of will depend on which
section your employer has chosen to participate in at the time of
If you require further information or have any
questions please contact us.
Defined Benefits Scheme
The Defined Benefit Scheme (DBS) is a final salary pension
scheme, where your pension is calculated as a proportion of your
final pensionable salary for each year and month of employment.
To find out more, please read the DBS
Pension Builder Classic
Pension Builder Classic (PB Classic) was formally known as the
Defined Contribution Scheme up until January 2013.
It is a hybrid pension scheme. This means that it's a mix
between a defined benefit and a defined contibution scheme. As
contributions are received each month they are converted into a
guaranteed pension payable from normal retirement age.
To find out more, please read the PB Classic
Pension Builder 2014
Pension Builder 2014 (PB 2014) was introduced in April 2014 to
help employers comply with the auto-enrolment requirements of the
Government's pension reforms. PB 2014 is a cash balance scheme
which guarantees the same amount of contributions will be
available at normal retirement age.
To find our more, please read the PB 2014 Members' Guide.
Additional Voluntary Contributions
Members of any section of the CWPF have the option to increase
their retirement benefits by paying Additional Voluntary
Contributions (AVCs). If you are interested in paying AVCs, please
read our CWPF AVCs page.
The benefits provided by the CWPF is in addition to your State
Pension. To find out more about your State benefits please visit
the Government website: https://www.gov.uk/state-pension/overview
Planning for retirement
Planning for retirement is vital, and the transition between
working life and retirement is made easier if you plan early. Help
is at hand, and you can read the Money Advice Service's guide to retirement
We will send you an annual update letting you know how much you
can expect your pension to be when you retire. You can also get in
touch with us to obtain a retirement quote.
If you feel your pension may not be enough to provide for your
retirement you can increase your benefits by paying AVCs. Please
visit our AVC page for more
There are also a range of other ways that you can save and plan
for later life. Our useful links page provides some of the
organistations and websites that can help.
If you would like to know more about how the changes to the ways
people can use their retirement savings please see our Retirement Freedom and
Although we are not able to offer you financial advice we can
provide you with all of your CWPF options. Please contact us if
you would like to dicuss your options.
Keep your pension safe!
Pensions are becoming an increasingly
attractive target for fraudsters and other criminals because of the
new pension freedoms. Please be careful with cold calls, texts or
letters from people or organisations making claims that they can
help you access your pension.
If you are in any doubt about your
options or the advice you have been given, you should talk to The
Pensions Regulator or a regulated Independent Financial
You can find out more about keeping your pension safe at the
Pensions Regulator's website: