What is meant by Supplementary pension funds?
The term “functions for calculating contributions to the supplementary pension funds” refers to the software functionalities responsible for calculating the contributions to supplementary pension funds (ZVK). These funds provide additional retirement and insurance benefits for employees, especially in the public sector. These functions help in accurately calculating the contributions based on current collective agreements, legal regulations, and individual employee data.
Typical software functions in the area of “functions for calculating contributions to the supplementary pension funds”:
- Contribution Calculation: Automatic calculation of contributions based on salaries, working hours, and applicable collective agreements or legal requirements.
- Data Integration: Consolidation of relevant employee data and salary information for accurate contribution calculation.
- Tariff Management: Management and updating of collective agreements and supplementary pension regulations to keep contribution calculations current and accurate.
- Reporting: Generating reports for verification and documentation of calculated contributions for internal and external purposes.
- Error Checking: Identification and correction of errors or inconsistencies in contribution calculations to ensure accurate billing.
- Data Export: Exporting calculated contribution data into formats accepted by supplementary pension funds for further processing or submission.
- Traceability: Logging and tracking all contribution calculations and changes to ensure transparency and compliance.
- Notification and Alert Systems: Automatic notifications for discrepancies or changes affecting contribution calculations.