What is retirement income in SAP LOD-SF-OBD - Onboarding?

SAP Term: retirement income

• Component: LOD-SF-OBD

• Component Name: Onboarding

• Description: Remuneration paid to an employee during retirement. This amount is based on the employee's length of service and may include government benefits or a pension.

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  Key Concepts: 
  Retirement income is a type of income that is received after an individual has retired from their job. It can come from a variety of sources, such as pensions, Social Security, investments, and annuities. Retirement income is typically used to supplement other sources of income and help individuals maintain their lifestyle after retirement. 
  
  How to use it: 
  In SAP, the LOD-SF-OBD Onboarding component helps organizations manage the onboarding process for new employees. This includes managing retirement income information for employees who are already retired. The component allows organizations to track and manage retirement income information for each employee, including the amount of income received and the source of the income. 
  
  Tips & Tricks: 
  When entering retirement income information into the LOD-SF-OBD Onboarding component, it is important to ensure that all information is accurate and up-to-date. This will help ensure that employees receive the correct amount of retirement income and that any changes in their retirement income are reflected in the system. 
  
  Related Information: 
  For more information on managing retirement income in SAP, please refer to the SAP Help Portal or contact your local SAP support team. Additionally, there are many resources available online that provide more detailed information on managing retirement income in SAP.