What is premium pension in SAP FS-PM - Policy Management?

SAP Term: premium pension

• Component: FS-PM

• Component Name: Policy Management

• Description: A state subsidized pension in Austria, which has the following properties as at 2006: - State subsidy of 8.5% up to a yearly savings total of 2,066 EUR in 2006 - 100% guarantee on capital saved and subsidy for annuitization and capital disbursement while receiving a state pension - Life-long tax-exempt annuity - Surviving dependent's pension

Smart SAP Assistant

• Key Concepts: 
  Premium pension is a feature of the SAP FS-PM Policy Management component that allows customers to manage their pension plans. It enables customers to set up and manage their pension plans, including setting up contributions, calculating benefits, and managing investments. 
  
  How to use it: 
  To use premium pension, customers must first set up their pension plan in the SAP FS-PM Policy Management component. This includes setting up the contributions, calculating the benefits, and managing the investments. Once the plan is set up, customers can then manage their pension plan through the SAP FS-PM Policy Management component. 
  
  Tips & Tricks: 
  When setting up a premium pension plan, it is important to consider the long-term implications of the plan. Customers should also consider how their contributions will be invested and how they will be able to access their funds in the future. 
  
  Related Information: 
  For more information on premium pension plans and how to use them in SAP FS-PM Policy Management, please refer to the SAP Help Portal or contact your local SAP representative.