What is pension indicator in SAP PY-NL - The Netherlands?

SAP Term: pension indicator

• Component: PY-NL

• Component Name: The Netherlands

• Description: A code that allows different pension calculations for the same pension scheme. The code is known in the Netherlands as 'pensioenindicator'.

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• Key Concepts: 
  The pension indicator is a feature of the SAP PY-NL The Netherlands component. It is used to indicate whether an employee is eligible for a pension or not. This indicator is used to determine the amount of pension contributions that must be paid by the employer. 
  
  How to use it: 
  The pension indicator can be set in the employee master data. It can be set to either “Yes” or “No”, depending on whether the employee is eligible for a pension or not. If the indicator is set to “Yes”, then the employer must pay pension contributions for that employee. 
  
  Tips & Tricks: 
  It is important to ensure that the pension indicator is set correctly in the employee master data, as this will determine how much pension contributions must be paid by the employer. 
  
  Related Information: 
  The pension indicator is part of the SAP PY-NL The Netherlands component, which also includes features such as payroll calculation and tax calculation. For more information about this component, please refer to the SAP Help documentation.