What is surviving dependants act in SAP PY-NL - The Netherlands?

SAP Term: surviving dependants act

• Component: PY-NL

• Component Name: The Netherlands

• Description: A law that regulates the payments and entitlements for the next of kin. The law is known in the Netherlands as 'Algemene nabestaandenwet'.

Smart SAP Assistant

• Key Concepts: 
  The Surviving Dependants Act (SDA) is a Dutch law that provides financial support to the surviving dependants of a deceased employee. It is applicable to all employees in the Netherlands and is administered by the Dutch government. The SDA provides a lump sum payment to the surviving dependants of an employee who has died while employed. 
  
  How to use it: 
  In SAP, the Surviving Dependants Act is implemented in the PY-NL The Netherlands component. This component allows employers to calculate and pay out the lump sum payment to the surviving dependants of an employee who has died while employed. The employer must enter the relevant information into the system, such as the date of death, the amount of the lump sum payment, and any other relevant information. 
  
  Tips & Tricks: 
  When entering information into SAP for the Surviving Dependants Act, it is important to ensure that all information is accurate and up-to-date. This will ensure that the correct amount of money is paid out to the surviving dependants. Additionally, it is important to keep track of any changes in legislation or regulations related to the SDA, as these may affect how payments are calculated and paid out. 
  
  Related Information: 
  For more information on the Surviving Dependants Act, please refer to the Dutch government website (https://www.rijksoverheid.nl/onderwerpen/overlijdensuitkering). Additionally, for more information on how to use SAP for calculating and paying out lump sum payments under the SDA, please refer to SAP’s help documentation (https://help.sap.com/viewer/product/PY_NL/).