What is age-related credit in SAP PY-CH - Switzerland?

SAP Term: age-related credit

• Component: PY-CH

• Component Name: Switzerland

• Description: A projected calculation of the age-related credit for an employee insured in the pension fund. The projection covers the years up to the employee's retirement age.

Smart SAP Assistant

• Key Concepts: 
  Age-related credit is a feature of the PY-CH Switzerland component of SAP software. It allows employers to provide employees with an additional credit based on their age. This credit is calculated as a percentage of the employee's salary and is paid out in addition to their regular salary. 
  
  How to use it: 
  To use age-related credit, employers must first configure the feature in the PY-CH Switzerland component of SAP software. This includes setting the percentage of salary to be paid out as the age-related credit, as well as any other parameters that may be required. Once configured, employers can then enter the employee's age into the system and the age-related credit will be automatically calculated and added to their salary. 
  
  Tips & Tricks: 
  When configuring age-related credit, employers should ensure that they are aware of any local laws or regulations that may affect how they set up the feature. Additionally, employers should ensure that they are aware of any tax implications that may arise from providing age-related credits to their employees. 
  
  Related Information: 
  For more information on age-related credits in SAP software, please refer to the official SAP documentation for PY-CH Switzerland. Additionally, employers should consult with their local tax authorities for advice on how to properly configure and use age-related credits in their organization.