New pensioners have until now could look forward to a little extra in the coffer in the form of their accrued holiday pay. But this is not the case for up to 30.000 danes, who leaving the labour market in the next two years.
It happens because the new ferielov will be rolled out 1. september next year. Therefore, we went 1. september this year, a omstillingsår to the new model. Here are the holiday pay frozen in a fund.
Your saved vacation pay in the fund you get, the day you finally leave the Danish labour market, but the fund begins to pay out the money 1. October 2021.
Understand the holidays act
the new ferielov enters into force, there is a one-year transition phase from 1. september 2019 to 31. august 2020.
as you have earned until now, you can use in the next leave year, which thus becomes shorter. Therefore, you have also only 16,64 vacation days to do well with from the 1. may 2020 to 31. august 2020.
your summer vacation already, so you do not risk to lack of vacation days. For example, you can use fewer vacation days between christmas and new year and instead transfer them to the next holiday year.
the transition year have you again as many holidays as you used to.
1. september 2020 you earn 2,08 days holiday per month which you can hold already in the following month.
the future can be kept from 1. september to 31. december the year after.
as you earn it next year, frozen in a fund.
you get paid when you reach retirement age, or if you leave the labour market and, for example, receives early retirement or move abroad.
(Source: ministry of Employment and the citizen.dk)
It means maybe not the big for you, if you have many years left to work, but it affects contrast, those who retire until then.
Deputy director of the Ældresagen Michael Teit Nielsen do not understand why the state would hold on to peoples money for so long.
It amazes me that no one has been able to find a more flexible solution, so this group can get the money faster, he says to Ekstra Bladet.
Ældresagen has in recent weeks received many inquiries from frustrated seniors.
– People calling in to us and think it’s something strange, something that they have to wait two years to get their money. They are just sitting with a wonder and an irritation, and many have it like that ‘now I’m finished at work, so let me get my money to sweeten retirement with,’ he explains.
While for some perhaps just good old-fashioned opinion, there is other, which has budgeted to have the money between the hands, as they must now wait for up to two years.
– There is certainly also some, who had counted with to get the money rather quickly, and suddenly find out that they have to wait a long time, so I can well understand that they are frustrated, says the deputy director.
For the more older is the lack of holiday pay, so not only granules on the cake, believe Michael Teit Nielsen.
– Some only have the basic pension and the ATP. They don’t have much to squander. For them it can really mean the difference on whether, for example, they can go on holiday, pay tandlægeregningen or replace the old refrigerator.
According to the erhversmediet Finance requires the SF and the Danish people’s Party, the minister for employment Peter Hummelgaard (S) intervene, while the minister himself explains that the new fund should have a track of the payments, before it can begin to withdraw money.
See also: New law: Now frozen your vacation pay
