Employer Engagement Event March 2014

1. Employer Engagement EventMarch 2014

2. Employer Engagement Leads • Julie Stevens – Employer Engagement Lead • The Pensions Schemes Executive - Cabinet Office • julie.stevens@cabinet-office.gsi.gov.uk • Phil Starling – Employer Engagement Lead • MyCSP • phil.starling@mycsp.co.uk • Mailbox • 2015employers@cabinet-office.gsi.gov.uk Employer Engagement Event

3. Employer Engagement Leads Engage Support Eyes and Ears Report Monitor Escalate Employer Engagement Event

4. Contents • Introduction and Ice Breaker • Employer Engagement • Scheme Provisions, System & Process Changes • Data cleanse • Options exercise • Communications Employer Engagement Event

5. Aims • Discuss how we will engage and support you through the 2015 Scheme implementation Employer Engagement Event

6. Turn on your keypad Press down MENU button for a few seconds and the word Ready will appear. Employer Engagement Event

7. Make your selection… Use the down arrow to scroll down to highlight your selection.... Employer Engagement Event

8. Confirming your answer… Then press the SEND key Employer Engagement Event

9. How did you travel here today? Car Public transport On foot Employer Engagement Event

10. How are you feeling this morning? Tired/sluggish Up for it! 1 2 3 4 5 Employer Engagement Event

11. How much do you know about the support we will offer you in implementing the 2015 arrangements? Very little Everything 1 2 3 4 5 Employer Engagement Event

12. Employer Engagement

13. Employer Engagement Event Employer Engagement Event

14. How would you like us to support you? support Employer Engagement Event

15. Events Readiness Guide Strategy Self Assessment Employer Impacts Enhanced Data Validations Payroll Specification 1-2-1 Readiness Checks EPNs Conference Calls Employer Engagement Event

16. Bill… ...is concerned. Employer Engagement Event

17. What should he do? Employer Engagement Event

18. Events Readiness Guide Strategy Self Assessment Employer Impacts Enhanced Data Validations Payroll Specification 1-2-1 Readiness Checks EPNs Conference Calls Employer Engagement Event

19. 2015employers@cabinet-office.gsi.gov.uk Employer Engagement Event

20. Sid.. …is too busy Employer Engagement Event

21. Events Readiness Guide Strategy Self Assessment Employer Impacts Enhanced Data Validations Payroll Specification 1-2-1 Readiness Checks EPNs Conference Calls Employer Engagement Event

22. ESCALATION Employer Engagement Event

23. Bill... • Knows what to do • Who to contact Employer Engagement Event

24. Employer Engagement Event

25. Employer Engagement Event

26. Employer Engagement Event

27. Employer Engagement Events

28. Scheme Provisions

29. Events Readiness Guide Strategy Self Assessment Employer Impacts Enhanced Data Validations Payroll Specification 1-2-1 Readiness Checks EPNs Conference Calls Employer Engagement Event

30. Scheme Differences Arrears of pay Effective Pension Age (EPA) Normal Pension Age to State Pension Age Re-joiners Final Salary Link Ill-Health Retirement Test Employer Engagement Event

31. Arrears of Pay • Different from nuvos • Arrears of pay allocated to period earned not when they are paid • Contribution rate always applicable in the year the earnings are paid Employer Engagement Event

32. Effective Pension Age • New product • Additional contributions, buy a lower pension age • Linked to NPA • Buy whole years up to 3 years • Never lower than NPA of 65 Employer Engagement Event

33. Normal Pension Age andEffective Pension Age NPA REDUCED UNADJUSTED EPA UNADJUSTED ENHANCED 55 65 68 • Links to State Pension Age Employer Engagement Event

35. Final Salary Link Premium or Classic (Active non-accruing) 2015 Scheme Employer Engagement Event

36. Ill Health Retirement Test • Two tiered approach as in nuvos • Employee’s condition has to be permanent until their provisional statepension age Employer Engagement Event

37. Events Readiness Guide Strategy Self Assessment Employer Impacts Enhanced Data Validations Payroll Specification 1-2-1 Readiness Checks EPNs Conference Calls Employer Engagement Event

38. Employer Engagement Events

39. Data Cleanse

40. Data Cleanse Update • 195 data cleanse reports • 342 Conference Calls Employer Engagement Event

41. Data Cleanse Update Methodology Issued Timescales Data Cleansing Commenced Employer Engagement Event

42. Next Steps Employer Engagement Event

43. Data Cleanse Targets 18th April 2014 21st March 2014 4th April 2014 2nd May 2014 16th May 2014 30th May 2014 Employer Engagement Event

44. HMRC Case Study Engaged Dedicated Team 660,000 Trained Team Running Extracts Daily Reporting Daily Targets 105,000 Employer Engagement Event

45. dataintegrity@mycsp.co.uk Employer Engagement Event Employer Engagement Event

46. Employer Engagement Events

47. When does the data cleanse exercise need to be completed, for the Tapered Enrolment Group? • 31st of May 2014 • 30th of April 2014 • 1st of April 2015 Employer Engagement Event

48. What tabs should you focus on first, in the DataSure report? • Red • Blue • White Employer Engagement Event

49. Options Exercise

50. 13% 60,000 60% 282,000 27% 128,000 Employer Engagement Event