What is 'pension age' in SAP PY-NL - The Netherlands?

pension age - Overview

• Component: PY-NL

• Component Name: The Netherlands

• Description: The pension age "pensioenleeftijd" defines the age as of which a person is entitled to receive private pension.

pension age - Details

• 
  Key Concepts: 
  Pension age is the age at which an employee is eligible to receive a pension from their employer. In the Netherlands, the pension age is determined by the Dutch government and is currently set at 67 years old. 
  
  How to use it: 
  In SAP, the pension age for employees in the Netherlands is set in the PY-NL The Netherlands component. This component allows you to enter the pension age for each employee and will automatically calculate any pension payments due. 
  
  Tips & Tricks: 
  It is important to ensure that the pension age is kept up-to-date in SAP as changes in the Dutch government regulations may affect the amount of pension payments due. 
  
  Related Information: 
  For more information on setting up and managing pensions in SAP, please refer to the SAP Help Portal.