Regulatory Alerts2024-06-23
Act on the Management and Administration of Accrued Holiday Entitlements
The Danish Ministry of Employment issued this regulation to establish the Employees' Fund for Accrued Holiday Entitlements, ensuring the protection and administration of holiday pay accrued between September 2019 and August 2020 during the transition to a new holiday system. The Act mandates employers to report and transfer these funds to the Fund, while granting employers the option to retain the funds until they become due for payment under specific conditions. It further outlines the calculation of entitlements, annual indexation, early payment schemes, and the specific circumstances under which employees can claim their accrued holiday pay.
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