What is 'pensionable salary' in SAP PY-NL - The Netherlands?

pensionable salary - Overview

• Component: PY-NL

• Component Name: The Netherlands

• Description: An amount used for the pension entitlement, or for which the employee is insured. The amount is known in the Netherlands as 'pensioengevend salaris'.

pensionable salary - Details

• 
  Key Concepts: 
  Pensionable salary is a term used in the Netherlands to refer to the amount of salary that is subject to pension contributions. This amount is calculated based on the employee's gross salary and any additional allowances or deductions. The pensionable salary is used to calculate the employee's pension contributions, which are then paid into a pension fund. 
  
  How to use it: 
  In SAP, the pensionable salary is calculated using the PY-NL The Netherlands component. This component takes into account the employee's gross salary, any additional allowances or deductions, and any other relevant factors. The resulting amount is then used to calculate the employee's pension contributions. 
  
  Tips & Tricks: 
  When calculating the pensionable salary, it is important to ensure that all relevant factors are taken into account. This includes any additional allowances or deductions, as well as any other relevant factors such as age or marital status. 
  
  Related Information: 
  The PY-NL The Netherlands component can also be used to calculate other payroll-related amounts such as taxes and social security contributions. Additionally, it can be used to generate reports on employee payroll information.