What is age bonus in SAP PY-AT - Austria?

SAP Term: age bonus

• Component: PY-AT

• Component Name: Austria

• Description: A monthly payment that an orphan receives in addition to the family allowance, depending on his/her age. There are three bonuses as follows: Age bonus 1: for children from three to nine Age bonus 2: for children from 10 to 19 Age bonus 3: for children from 20 to 27

Smart SAP Assistant

• Key Concepts: 
  Age bonus is a feature of the PY-AT Austria component of SAP software. It is a type of salary supplement that is paid to employees in Austria based on their age. The amount of the bonus is determined by the employee's age and the number of years they have worked for the company. 
  
  How to use it: 
  In order to use the age bonus feature, employers must first configure the PY-AT Austria component in SAP. This includes setting up the age bonus parameters, such as the minimum and maximum age for eligibility, as well as the amount of the bonus. Once this is done, employers can then enter employee information into SAP and the age bonus will be calculated automatically. 
  
  Tips & Tricks: 
  When configuring the age bonus parameters, employers should be aware that there are different rules for different types of employees. For example, employees who are under 18 years old are not eligible for an age bonus, while those over 65 years old may be eligible for a higher bonus amount. 
  
  Related Information: 
  The age bonus feature is part of a larger set of features related to payroll in Austria. Other features include tax deductions, social security contributions, and vacation pay. Employers should familiarize themselves with all of these features in order to ensure compliance with Austrian labor laws.