What is 'civil pension' in SAP PY-BR - Brazil?

civil pension - Overview

• Component: PY-BR

• Component Name: Brazil

• Description: A payment that is made to the dependents of a public servant who has died. The payment is made for as long as the dependents live, provided that some legal conditions are met. This term is used in the ian Public Sector. The payment is known in Portuguese as "pensão civil".

civil pension - Details

• 
  Key Concepts: 
  Civil pension is a type of retirement plan offered by the Brazilian government to its citizens. It is administered by the Brazilian Social Security Institute (INSS) and is funded by contributions from employers and employees. The amount of the pension depends on the number of years of service and the salary earned during that period. 
  
  How to use it: 
  In SAP, civil pension is managed through the PY-BR Brazil component. This component allows employers to calculate and manage contributions for civil pensions, as well as to generate reports for the INSS. It also allows employers to manage employee data related to civil pensions, such as salary information and years of service. 
  
  Tips & Tricks: 
  When setting up the PY-BR Brazil component, it is important to ensure that all employee data related to civil pensions is up-to-date and accurate. This will help ensure that contributions are calculated correctly and that reports are generated accurately. 
  
  Related Information: 
  For more information about civil pensions in Brazil, please visit the INSS website at http://www.inss.gov.br/.