What is peremption in SAP PY-IT - Italy?

SAP Term: peremption

• Component: PY-IT

• Component Name: Italy

• Description: A period of time fixed by law for the existence of a right. For the Italian Public Sector, peremption is the period of time during which a specific fund is open for postings. Once the peremption is over, postings must be assigned to a new fund. For the Public Service Management, once the period is over, the purchase documents are blocked for future postings.

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• Key Concepts: 
  Peremption is a term used in the Italian payroll component of SAP. It refers to the process of automatically canceling an employee's contract when they reach a certain age or have been employed for a certain number of years. This process is regulated by Italian labor law and is used to protect the rights of employees. 
  
  How to use it: 
  In SAP, peremption is set up in the PY-IT Italy component. The user can define the age and/or years of service that will trigger the peremption process. Once these parameters are set, the system will automatically cancel any employee contracts that meet the criteria. 
  
  Tips & Tricks: 
  When setting up peremption in SAP, it is important to ensure that all relevant parameters are correctly configured. This will ensure that the system is compliant with Italian labor law and that employees' rights are protected. 
  
  Related Information: 
  For more information on peremption in SAP, please refer to the official SAP documentation on PY-IT Italy.