Teachers' Pensions
What are the benefits of MCR?

What are the benefits of MCR?

MCR

With the introduction of MCR, you’ll see a number of benefits to the way you submit service on a monthly basis, as well as to the accuracy of the data. This will ultimately help you make the best use of your time administering the Scheme, as well as offering your employees better quality information.

Some of the benefits include;

  • You’ll no longer need to complete the Monthly Contributions Breakdown form and Enrolment Template
  • It will remove the need for concurrent service
  • It will allow a simpler End of Year Certificate (EOYC) process
  • It will provide greater validation to ensure data is accurate
  • It will removes the need to complete an Enrolment form as this is communicated via the MCR submission
  • It will provide the ability to delete service when connected to a refund.
Last Updated: 19/11/2018 14:40

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