New rules on when Danish employees accrue vacation time take effect on Sept. 1 2020, effectively giving workers a double allowance for that first year. As a part of the new regulation, the extra vacation earned by Danish workers in the following 12 months will be put into a new fund in financial form, and invested until retirement.
The fund – called Employees' Fund for Residual Vacation Funds (Lønmodtagernes Fond for Tilgodehavende Feriemidler) – will be managed by LD.
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