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Component: PA-PF
Component Name: Pension Schemes
Description: A process triggered by the pension fund administrator when an employee dies and that enables you to handle any subsequent payments to his or her beneficiaries.
Key Concepts: Decease is a term used in the SAP PA-PF Pension Schemes component to refer to the death of an employee. It is used to describe the process of terminating an employee's pension plan due to their death. How to use it: When an employee dies, their pension plan must be terminated. This is done by entering a decease transaction in the SAP system. This transaction will terminate the employee's pension plan and any associated benefits. Tips & Tricks: When entering a decease transaction, it is important to ensure that all relevant information is entered correctly. This includes the date of death, the employee's name, and any other relevant information. Related Information: The SAP PA-PF Pension Schemes component also includes other features such as retirement planning, survivor benefits, and disability benefits. It is important to understand how these features work in order to ensure that employees receive the benefits they are entitled to.