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Monthly Data Collection

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. How does MDC work?.

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Monthly Data Collection

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  1. Monthly Data Collection

  2. CurrentDataCollectionMethods 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.

  3. 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 7th of the month • Errors to be cleared by 30th of the same month • Payroll providers given access to ‘Employer Portal’ to submit direct

  4. 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 TR6 or TR8 templates • Ability to submit retrospective changes via MDC

  5. Benefits of MDC for your Members • Real time information on My Pension Online • More accurate • More up to date

  6. Teachers’ PensionSupport 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

  7. MDC so far The first MDC pilot started in October 2014. • 1st pilot group October 2014 – 80 employers • 2nd 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

  8. Registration process Advise Teachers’ Pensions of your intention to start using MDC Email: MDC@teacherspensions.co.uk With: Name, Contact details, Employer name and establishment number A delegation form will be required to administer the scheme on behalf of multiple employers.

  9. What do the people that use it think? Leeds Local Authority Angela Brown & Tracy Fleming User experience of MDC & lessons learnt

  10. 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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