What is survivor benefits in SAP PY-JP - Japan?

SAP Term: survivor benefits

• Component: PY-JP

• Component Name: Japan

• Description: Benefits payable under the pension plan to the eligible surviving family members of a participant, who dies before or after retirement.

Smart SAP Assistant

• Key Concepts: 
  Survivor benefits are payments made to the surviving family members of an employee who has passed away. In the context of SAP PY-JP Japan, survivor benefits are payments made to the surviving family members of an employee who has passed away while employed in Japan. These payments are typically made in the form of a lump sum or a monthly pension. 
  
  How to use it: 
  In order to use survivor benefits in SAP PY-JP Japan, employers must first register the employee’s death with the local government. Once this is done, employers can then enter the necessary information into SAP PY-JP Japan and begin processing the survivor benefits payments. 
  
  Tips & Tricks: 
  It is important to ensure that all necessary information is entered correctly into SAP PY-JP Japan in order to ensure that survivor benefits payments are processed accurately and efficiently. Additionally, employers should be aware of any local laws or regulations that may affect the processing of survivor benefits payments. 
  
  Related Information: 
  For more information on survivor benefits in SAP PY-JP Japan, please refer to the official SAP documentation or contact your local SAP representative.