What is CGA pension scheme in SAP PY-PT - Portugal?

SAP Term: CGA pension scheme

• Component: PY-PT

• Component Name: Portugal

• Description: A special pension scheme for public sector employees in appointed before 2006-01-01.

Smart SAP Assistant

• Key Concepts: 
  CGA pension scheme is a Portuguese pension system that is managed by the Portuguese Social Security Institute (INSS). It is a mandatory system for all employees in Portugal and provides a basic pension for retirement. It is funded by contributions from employers and employees, as well as from the government. 
  
  How to use it: 
  Employers must register their employees with the CGA pension scheme and make contributions to the scheme on behalf of their employees. Employees must also make contributions to the scheme. The contributions are calculated based on the employee’s salary and are deducted from their salary each month. 
  
  Tips & Tricks: 
  Employers should ensure that they are making the correct contributions to the CGA pension scheme on behalf of their employees. They should also ensure that their employees are aware of their obligations under the scheme and that they are making their own contributions. 
  
  Related Information: 
  The CGA pension scheme is managed by the Portuguese Social Security Institute (INSS). Further information about the scheme can be found on their website. Additionally, employers can contact INSS for advice and assistance with any queries they may have about the scheme.