Monday, 26 January 2015 11:41
During the past 12 months we have been working with our system provider (Heywood Ltd), and engaging with our employer technical working groups, to document the requirements for the new CARE scheme which is being introduced from 1 April 2015. These requirements turned in to agreed system
specifications which have been or are currently being developed and tested by SPPA and Heywood.
Over the next few months in the lead up to the new CARE scheme going live, we will be issuing a series of circulars explaining the main procedural differences for employers.
Listed below are the main topics we will be covering. Please ensure that the people within your organisations who need to know and who can implement the necessary changes, have sight of these circulars and bulletins:
· Member protection
¨ How we will tell you the protection status of your members
¨ How we will keep you informed when members are reaching their tapering end date and what you need to do
· Data submission
¨ How we are going to create new records for unprotected members
¨ New information we need to collect from you e.g. teachers employers will need to submit two definitions of pensionable pay for pre and post 2015 scheme benefits
¨ The introduction of an employer's web service for data submission through your existing secure portal on our website
· Processes and forms
¨ New processes where applicable e.g. Early Retirement Reduction Buyout (ERRBO)
¨ New forms, letters and calculators
¨ Changes to existing processes, forms, letters and calculators
We appreciate that time is short. However, many of the system changes that may be required do not have to be in place by 1 April 2015. We will continue to progress changes through the technical working group to ensure you have the right information and support to process the changes required.