What is pensionable base in SAP PY-NL - The Netherlands?

SAP Term: pensionable base

• Component: PY-NL

• Component Name: The Netherlands

• Description: The base amount for a pension premium calculation. The amount is known in the Netherlands as 'pensioengrondslag'.

Smart SAP Assistant

• Key Concepts: 
  Pensionable base is a term used in the Netherlands to refer to the amount of salary that is used to calculate an employee’s pension contributions. This amount is determined by the employee’s age, salary, and other factors. In SAP, the pensionable base is stored in the PY-NL The Netherlands component. 
  
  How to use it: 
  In order to use the pensionable base in SAP, you must first enter the employee’s age, salary, and other relevant information into the PY-NL The Netherlands component. Once this information is entered, the system will automatically calculate the pensionable base for that employee. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant information is entered accurately into the PY-NL The Netherlands component in order to ensure that the correct pensionable base is calculated. Additionally, it is important to keep track of any changes in an employee’s salary or other factors that could affect their pensionable base. 
  
  Related Information: 
  The pensionable base is just one of many components of an employee’s pension contributions. Other components include employer contributions, government contributions, and investment returns. It is important to understand how all of these components work together in order to ensure that employees are receiving the correct amount of pension contributions.