What is 'investment direction ineligible person' in SAP PY-JP - Japan?

investment direction ineligible person - Overview

• Component: PY-JP

• Component Name: Japan

• Description: A subsequent status of a participant in a defined contribution corporate pension plan if the person’s personal information has the following changes: The person is deceased The amount of the person's pension assets is zero

investment direction ineligible person - Details

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  Key Concepts: 
  Investment Direction Ineligible Person is a term used in the PY-JP Japan component of SAP. It refers to an individual who is not eligible to receive investment direction from a company or other entity. This includes individuals who are not of legal age, have a criminal record, or are otherwise deemed ineligible by the company or other entity. 
  How to Use It: 
  In order to use this term in SAP, the user must first identify the individuals who are not eligible for investment direction. This can be done by reviewing the company’s policies and procedures, as well as any applicable laws and regulations. Once these individuals have been identified, they can be marked as “investment direction ineligible persons” in SAP. 
  
  Tips & Tricks: 
  It is important to ensure that all individuals who are marked as “investment direction ineligible persons” in SAP are actually ineligible for investment direction. This can be done by double-checking the company’s policies and procedures, as well as any applicable laws and regulations. 
  
  Related Information: 
  The term “investment direction ineligible person” is related to other terms such as “investment direction eligible person” and “investment direction recipient”. These terms refer to individuals who are eligible for investment direction from a company or other entity.