In June, the Danish parliament decided to pay out 60 percent of the "receivable holiday allowance" that was otherwise on its way to LD Pensions.
In 2018, Danish politicians decided that LD should manage employees' holiday pay in connection with the transition to a new Danish Holidays Act.
Now, this amount has been reduced by 60 percent, which will instead be paid out to employees in order to spur growth in the wake of the corona crisis. For LD Pensions, the reduction of the "receivable holiday allowance" is still enough to keep the Danish public pension fund going.
The "receivable holiday allowance" totals around EUR 13.4 billion (DKK 100 billion), and politicians have decided that Danes will get three out of their five weeks of holiday pay paid out now, equating to EUR 8 billion (DKK 60 billion).