What is employee-funded supplemental pension in SAP PA-PF - Pension Schemes?

SAP Term: employee-funded supplemental pension

• Component: PA-PF

• Component Name: Pension Schemes

• Description: A supplemental pension the employee has built up. Also known as ARWN, which stands for Aanvullend Rustpensioen gefinancierd door de Werknemer.

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• Key Concepts: 
  Employee-funded supplemental pension is a type of pension scheme offered by SAP in its PA-PF Pension Schemes component. This type of pension scheme allows employees to make additional contributions to their pension plan, which are then matched by their employer. This type of pension plan is designed to provide additional retirement income for employees. 
  
  How to use it: 
  Employees can opt into the employee-funded supplemental pension plan by making additional contributions to their pension plan. These contributions are then matched by the employer, up to a certain percentage. The employer will also provide additional benefits such as tax relief and other incentives. 
  
  Tips & Tricks: 
  It is important to understand the terms and conditions of the employee-funded supplemental pension plan before opting in. It is also important to consider the long-term implications of making additional contributions, as these contributions may not be refundable in the future. 
  
  Related Information: 
  For more information about SAP's PA-PF Pension Schemes component, please visit the SAP website or contact your local SAP representative. Additionally, you can find more information about employee-funded supplemental pensions on the websites of various financial institutions and retirement planning services.