Teachers' Pensions
Monthly Contributions Reconciliation contributions calculations

Monthly Contributions Reconciliation (MCR) contributions calculations

We’ve received a few questions regarding contribution calculation methods, which have been regarding ‘When Paid’ and ‘When Earned’ calculations.

There are two types of calculation that can be used when developing your MCR submission, which are;

  1. When Paid – this is the default method that you’d use when calculating monthly contributions for members, no indicators are required for this method
  2. When Earned – this is the method you’d use to calculate refunds, or when making a payment to a member in a pay month after the one in which the member left employment. If completing a ‘When Earned’ calculation you must select the indicator ‘WE’ in the calculation method for the contribution tier field.

Full details of when to use the ‘When Earned’ calculation are in the guidance notes and to help we’ve also put together some further information.

Last Updated: 28/10/2019 09:25

Related Information

Employer Portal

Videos

News archive

EOYC

Latest News

The latest policy updates and announcements about the scheme and the news that affects it:

Help your Newly Qualified Teachers get to know their pension
Regulation changes
Help us reach one million My Pension Online (MPO) registrations