About the Monetary and Potential Charges Exchange
The Monetary and Potential Charging (MPC) exchange advises employers and Third-Party
Administrators (TPAs) of the wages they have paid to claimants that are used in the
calculating potential benefits payable to the claimant. It also informs the employers of the
potential charges that will be applied to their state unemployment taxes if benefits are
awarded and they are found liable.
Purpose of the Monetary and Potential Charges Exchange
The SIDES (State Information Data Exchange System) MPC exchange electronically notifies
employers of wages used to set up a claim. It allows employers, TPAs and Professional
Employer Organizations (PEOs) to respond with corrected wages paid, ensuring that the
proper amount of unemployment insurance (UI) benefits is paid.
Using SIDES, UI agencies display potential charges to employer tax accounts based on
individual claims. By responding electronically, employers, TPAs, and PEOs can provide
additional separation information faster, allowing improper payments to be stopped faster.
Benefits of the Monetary and Potential Charges Exchange
- Easily display potential charges to employer tax accounts.
- Gain additional separation information faster.
- Ensure accuracy of wage claims and benefits paid.
- Eliminate reliance on mail or fax communication.
- Reduce mailing costs and staff time.
How This Change Affects You
- If you are currently enrolled in SIDES E-Response, you will automatically be enrolled in the
Monetary and Potential Charges Exchange. - Once the MPC exchange is live, you will get an email notification of any pending Monetary and
Potential Charging Requests.
For More Information
- To learn more about the MPC exchange, watch this video.
- For details on Sides, visit here.
- To see the SIDES exchanges WorkForce West Virginia participates in, visit here.