Your retirement plan is the planification you make for the day when you will stop work.
In HR Benefits parlance it is a program where the employee and/or the employer contributes during the working life of the employee. When the employee stops working, if he/she is old enough, a pension is then paid to the employee.
Some Savings/Retirement/Pension Plans can be administered by the Government (ex. Canada Pension Plan), by the employer, or by a third party.
The Pension is usually paid out by the administrator of the Plan.
In SAP, IT0169 can be configured to manage Savings Plan deductions/payments, and there should be lots of online documentation available, starting with the Wiki on this site.
Edited by: Rémi Corriveau on Oct 18, 2011 6:53 PM
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