MDC Submission

HOOPP’s MDC process is the annual event where employers provide details of member’s participation for the previous (most recent? might be a better choice of words as we may open MDC mid Dec) calendar year.  This data is used to; 

• Update member records

• Calculate benefits

• Produce personalized Annual Statements

• Prepare the Plan’s valuation reports

• Reconcile contributions remitted

Employers are required to provide the following data during the Member Data Collection Process:

• Contributions, Weeks and Pension Adjustments for active periods 

• Deemed Earnings for Contributory Leaves 

• Employment Status changes that occurred in the MDC year including effective dates 

For more information on the annual Member Data Collection, click here: Member Data Collection (MDC)