Monthly Data Collection Current Data Collection Methods Accurate
- Slides: 10
Monthly Data Collection
Current Data Collection Methods Accurate record keeping is the most fundamental administrative task within the Teachers' Pension Scheme. As an employer or Payroll Provider, the submission of service is vital for both you and your members. Method Description Annual Service Return Mandatory annual exercise completed by 7 th July which includes service and salary details of all members for the previous financial year. TR 28 Used to identify and update periods of missing service or amend any incorrect data held on record. TR 6 Used to identify a new starter. TR 8 Used to notify Teachers’ Pensions that an employer has withdrawn from an establishment. Certificate of Re-employment The certificate is used to identify re-employed members in order to monitor their earnings limit.
How does MDC work? Monthly Data Collection is the submission of member service and salary details, on a monthly basis as oppose to annually. • Similar process to current ASR • MDC Template or extract the data directly from Payroll/HR system • Uploaded by 7 th of the month • Errors to be cleared by 30 th of the same month • Payroll providers given access to ‘Employer Portal’ to submit direct
Benefits of MDC • Reduced data set • Submit new starter and leaver info via monthly submission • Improved validation • Allows software providers to develop own solutions • No need to submit TR 6 or TR 8 templates • Ability to submit retrospective changes via MDC
Benefits of MDC for your Members • • • Real time information on My Pension Online More accurate More up to date Real time data for members Data is more accurate Clearer Information
Teachers’ Pension Support Teachers’ Pensions offer support to employers from the beginning and throughout the MDC journey. • Welcome pack showing example data & MDC template • Detailed guidance notes • Full specification document • All on main website • Contact Centre and ERM support Presentations Contact Centre Support Specification Teachers’ Pension Website ERM Contact and Support Guidance Notes
MDC so far The first MDC pilot started in October 2014. • 1 st pilot group October 2014 – 80 employers • 2 nd pilot group May 2015 – 142 employers • Employers now submit service for over 300 establishments • Employers using both the template provided and submitting direct from payroll systems • 350+ employers on waiting list for next phase • Development underway to provide Multi Academy Trust access
Registration process Advise Teachers’ Pensions of your intention to start using MDC Contact Teachers’ Pensions or your ERM Email: MDC@teacherspensions. co. uk With: Name, Contact details, Employer name and establishment number Read the Guidance Notes and Specification A delegation form will be required to administer the scheme on behalf of multiple employers. Make your first submission on the delegated submission date
What do the people that use it think? Leeds Local Authority Angela Brown & Tracy Fleming User experience of MDC & lessons learnt
Want to get involved? What do you need from Teachers’ Pensions? For example: • What information? • What access? • How long a lead in?
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