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 your employment.

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 Members' Guide.


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 Members' Guide.


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.


State Pensions

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 planning.

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 information.

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 Choice page.

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 Adviser.

You can find out more about keeping your pension safe at the Pensions Regulator's website:
www.thepensionsregulator.gov.uk/individuals/dangers-of-pension-scams.aspx