What is German Treaty on Sharing of Pension Costs in SAP ORG-LX-T9N - Team: Corporate Translation?

SAP Term: German Treaty on Sharing of Pension Costs

• Component: ORG-LX-T9N

• Component Name: Team: Corporate Translation

• Description: State legislation effective January 1, 2011, governing the distribution of pension costs when a civil servant changes federal or state public sector employer.

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• Key Concepts: 
  The German Treaty on Sharing of Pension Costs (T9N) is a legal agreement between the German government and employers that outlines the rules for sharing pension costs between employers and employees. It was introduced in 2002 and is applicable to all employers in Germany. The treaty stipulates that employers must pay a certain percentage of their employees' pension costs, while the employees must pay the remaining amount. 
  
  How to use it: 
  The T9N is used by employers in Germany to ensure that they are compliant with the legal requirements for sharing pension costs with their employees. Employers must calculate the amount of pension costs they are required to pay, and then deduct this amount from their employees' salaries. The employer must also provide information about the pension costs to their employees. 
  
  Tips & Tricks: 
  It is important for employers to keep up-to-date with any changes to the T9N, as these can affect how much they are required to pay in pension costs. Employers should also ensure that they are providing accurate information about pension costs to their employees. 
  
  Related Information: 
  The T9N is part of the German Social Security System, which provides benefits such as health insurance, unemployment insurance, and pensions. Employers should familiarize themselves with the other components of this system in order to ensure compliance with all legal requirements.