What is 'social insurance payments' in SAP PY-RU - Russia?

social insurance payments - Overview

• Component: PY-RU

• Component Name: Russia

• Description: The payments that employees receive when they are unable to work due to one of the reasons covered by social insurance. For example, when employees are sick or are on maternity leave, they are entitled to a certain amount of sick pay and maternity pay respectively.

social insurance payments - Details

• 
  Key Concepts: 
  Social insurance payments are contributions made by employers and employees to the state social insurance fund in Russia. These payments are used to provide benefits such as pensions, medical care, and other social services. 
  
  How to use it: 
  In the SAP system, the PY-RU Russia component is used to manage social insurance payments. This component allows employers to calculate the amount of contributions due, as well as to track payments and generate reports. 
  
  Tips & Tricks: 
  When using the PY-RU Russia component, it is important to ensure that all contributions are paid on time and in full. Late or incomplete payments can result in penalties or other legal consequences. 
  
  Related Information: 
  For more information about social insurance payments in Russia, please refer to the official website of the Russian Social Insurance Fund (http://www.fss.ru/).