AMWatch

Professors declare LD Pension fit for duty despite lower amount of holiday pay

Even though LD Pension  can now expect a lower amount of money, it will still be enough to prolong the life of the Danish public pension fund, two professors tell AMWatch.

Jesper Rangvid, professor of finance at Copenhagen Business School (CBS) points out that Danish state pension fund ATP could manage the holiday pay, but that it makes sense to split management of state funds across companies. | Photo: Stine Bidstrup/ERH

LD Pensions is now set to receive much less new money this year, as Danish politicians decided this weekend to spur on the economy by letting the Danes spend up to 60 percent of the "receivable holiday allowance" that should otherwise have been saved for their retirements.

Although LD Pensions  is now set to receive only 40 percent of the original amount, "It is still a lot of money", Charlotte Mark, Financial Director at LD Pensions, told AMWatch earlier this week.

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