What is feriepenge (holiday pay)?

In short

Feriepenge is the holiday entitlement employees earn: 12.5% of pay for hourly workers — or paid holiday plus a 1% supplement for salaried staff.

In practice

Employees earn 2.08 holiday days per month, usable as they are earned (concurrent holiday). Holiday pay for hourly workers and departed salaried staff is reported and paid to FerieKonto or a holiday fund through the payroll system.

Related terms

• Bruttoløn (gross salary)
• ATP (the mandatory labour-market pension)
• eIndkomst (the Danish income register)
• See every term in the dictionary

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