"If something happened to me, I will still be able to pay my mortgage and do things that I love" - Diana, Cornmarket Plan Member
This scheme is designed to provide you with a replacement income of up to 75% of pensionable salary* if you’re ill or injured, and can’t work.
It helps give financial security and peace of mind, so you can focus on getting better.
Salary protection gives you a replacement income of up to 75% of your annual pensionable salary* – if you can't work due to illness or injury, and your sick pay has reduced to half pay or ceased altogether.
*Up to 75% less any other income to which you may be entitled e.g. half pay, Ill Health Early Retirement Pension, Temporary Rehabilitation Remuneration, State Illness Benefit. You can claim salary protection when you have used up your employer’s sick leave entitlements and passed the scheme ‘deferred period’. Simply put, that’s the time that must pass before benefit is paid.
The scheme provides a lump sum of typically twice your annual salary if you die. This can help to pay bills and unexpected costs, at an already difficult time.
You will receive a once-off lump sum if you are diagnosed with one of the Specified Illnesses listed in the policy document.
You're entitled to tax relief on the majority of your scheme membership cost.
Our helpful and friendly team will guide you through the claims process.
Remember, we're not automatically notified if you’re absent from work due to illness or injury. If this happens, it's important to contact us as soon as you think your salary will be affected.
To be eligible to claim from salary protection, you must meet the definition of disablement as defined in the policy document. Other terms, conditions and exclusions apply.
It’s simple to find out!
Enter the number of sick days you’ve had in the last 4 years.
Then enter the number of sick days you’ve had in the last 12 months, and we’ll tell you:
Note: This is an estimate of your remaining paid sick leave based on our understanding of the Public Service Sick Leave Regulations (at July 2021) and on the information provided by you. For exact sick leave details please contact your employer. The example is based on ordinary sick leave regulations for a public sector worker with 20 years of service, paying A1 PRSI and who is 45 years old. It does not take into account any extended paid sick leave granted under the Critical Illness Protocol or pregnancy related illness which may extend the period of paid sick leave.
It's surprising how quickly your sick days can add up, especially when you consider you are looking back over the past 4 years. An unexpected illness or injury can happen to anyone, at any age. Be prepared and protect your income today!
This graph example is based on a Public Sector employee, who is a member of the Superannuation Scheme with 20 years' service earning €50,000 per annum, who is now unable to work due to disability arising from illness or injury. It is assumed that standard Public Sector sick leave arrangements apply, extended paid sick leave under the Critical Illness Protocol does not apply and Ill Health Early Retirement Pension is granted after 2 years. Social welfare rates are as at July 2021.
"To help pay my mortgage & bills, and to keep my car running, which I rely on so much!" - Laura, Cornmarket Plan Member
"It gives me and my wife security and peace of mind, and helps keep our plans on track for the future" - Conor, Cornmarket Plan Member
"It's there for my family, for my kid's education and for my peace of mind" - John, Cornmarket Plan Member
Income Protection Claimants tell us what it means for them
Cornmarket and SIPTU work together to secure the best price and benefits for SIPTU members. When it comes to cost, you can benefit from the group purchasing power of your union. You're entitled to tax relief on the majority of your Scheme membership cost.
Please review the Plan documents above to apply for the Plan, and click here to access our Terms of Business.
Send your completed application form to:
Cornmarket Group Financial Services Ltd.
Group Protection Department
Our helpful and friendly team will guide you through the claims processCall us on (01) 408 4018
While in work in March 2013, I had a brain aneurism which put me out of work. Were it not for the plan, I’d have nothing to pay the bills or the mortgage. ...
I was at work one day, went to take something off a shelf and just felt a pop. I ended up not being able to move my neck or shoulders. I didn’t think I’d b...
I never imagined I would need to claim from the plan for something as simple as a fall and a broken arm. Thanks to the plan, I could continue to pay my mor...
This scheme is underwritten by New Ireland. New Ireland Assurance Company plc is regulated by the Central Bank of Ireland. A member of Bank of Ireland Group.