Less holiday pay for LD to manage, but "it is still a lot of money"
This weekend, the Danish parliament agreed to stimulate the economy with a package including a payout of 60 percent of the "receivable holiday allowance" that LD Pensions was supposed to receive. Despite the lower amount, the Danish public pension fund still thinks it is a lot of money. Without the the frozen holiday money, the fund is expected to shrink from EUR 4.7 billion to EUR 2.3 billion over the next ten years.
This weekend, the Danish parliament decided to pay out 60 percent of the "receivable holiday allowance" that was otherwise on its way to LD Pensions.
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