What is 'retirement age' in SAP PA-PF - Pension Schemes?

retirement age - Overview

• Component: PA-PF

• Component Name: Pension Schemes

• Description: The date on which an employee leaves the company and subsequently the pension fund he/she participated in.

retirement age - Details

• 
  Key Concepts: 
  Retirement age is the age at which an employee is eligible to retire from their job and receive a pension. In the SAP system, retirement age is a field in the PA-PF Pension Schemes component that stores the age at which an employee is eligible to retire. 
  
  How to use it: 
  In order to use the retirement age field in the PA-PF Pension Schemes component, you must first enter the employee's date of birth into the system. Once this is done, the system will automatically calculate the employee's retirement age based on their date of birth. 
  
  Tips & Tricks: 
  It is important to remember that retirement age is not always the same for all employees. Different countries and organizations may have different rules and regulations regarding retirement age, so it is important to make sure that you are entering the correct information into the system. 
  
  Related Information: 
  The retirement age field in the PA-PF Pension Schemes component is related to other fields such as pension start date, pension end date, and pension amount. All of these fields must be entered correctly in order for the system to accurately calculate an employee's pension amount.