Common use of Senior employee scheme Clause in Contracts

Senior employee scheme. The employee is entitled to enter a senior employees' scheme from a period of five years before the retirement pension age for the employee in force from time to time. In the senior employees' scheme, the employee can choose to use payments into the free- choice account, special savings, weekday holiday savings or other similar savings scheme to finance senior employees' days off. If the employee should wish for further senior employees' days off, it is possible to convert continuous pension contributions so that the remaining payment to the pension scheme can still cover the costs for insurance schemes and administration etc. The converted pension contribution is also deposited in the employee's free-choice account, special savings, weekday holiday savings or other similar savings scheme. The employee and the enterprise may agree that from a period of five years before the implementation of the senior employees' scheme, the employee can save the value of special holidays not taken and accumulate this. The value hereof can be paid in connection with taking of further senior employees' days off. According to this provision, a maximum of special holidays can be taken corresponding to the accumulated amount, cf. the payment below. When taking senior days off, the free-choice account, the special savings, the weekday holi- day savings or other similar scheme is reduced with an amount corresponding to payment of wages during sickness. Unless otherwise agreed, the employee must on 1 April at the latest inform the enterprise in writing whether the employee wishes to enter into a senior employees' scheme with senior employees' days off in the next holiday year and in this connection how big a part of the pension contribution the employee wishes to convert into wages. In addition, the employee must inform the enterprise how many senior employees' days off he or she wishes to take in the next holiday year. This choice is binding for the employee and will continue in the follow- ing calendar year. However, each year before 1 April, the employee can inform the enterprise if the employee wants any changes for the next holiday year. In the first year of the senior employees' scheme, the conversion is made starting from the payroll period where the employee is five years from the retirement pension age in force from time to time. Unless otherwise agreed, the timing of senior employees' days off will take place according to the same rules applicable to the timing of special holidays or remaining holiday if there are no special holidays in the collective agreement. As an alternative to senior employees' days off, the employee and the enterprise can agree a reduction in working hours in the form of e.g. longer off-work periods, a permanent reduc- tion in weekly working hours or other. At agreement on permanent reduction in weekly working hours, the converted pension con- tribution can be paid on an ongoing basis as a special allowance to the wages. The conversion does not alter the existing basis of calculation of the collective agreement and is therefore cost neutral for the enterprise.

Senior employee scheme. The employee is entitled to enter a senior employees' scheme from a period of five years before the retirement pension age for the employee in force from time to time. In the senior employees' scheme, the employee can choose to use payments into the free- free-choice account, special savings, weekday holiday savings or other similar savings scheme to finance senior employees' days off. If the employee should wish for further senior employees' days off, it is possible to convert continuous pension contributions so that the remaining payment to the pension scheme can still cover the costs for insurance schemes and administration etc. The converted pension contribution is also deposited in the employee's free-choice accountac- count, special savings, weekday holiday savings or other similar savings scheme. The employee and the enterprise may agree that from a period of five years before the implementation of the senior employees' scheme, the employee can save the value of special holidays not taken and accumulate this. The value hereof can be paid in connection con- nection with taking of further senior employees' days off. According to this provision, a maximum of special holidays can be taken corresponding to the accumulated amount, cf. the payment below. When taking senior days off, the free-choice account, the special savings, the weekday holi- day holiday savings or other similar scheme is reduced with an amount corresponding to payment of wages during sickness. Unless otherwise agreed, the employee must on 1 April at the latest inform the enterprise enter- prise in writing whether the employee wishes to enter into a senior employees' scheme with senior employees' days off in the next holiday year and in this connection how big a part of the pension contribution the employee wishes to convert into wages. In additionaddi- tion, the employee must inform the enterprise how many senior employees' days off he or she wishes to take in the next holiday year. This choice is binding for the employee and will continue in the follow- ing following calendar year. However, each year before 1 April, the employee can inform the enterprise if the employee wants any changes for the next holiday year. In the first year of the senior employees' scheme, the conversion is made starting from the payroll period where the employee is five years from the retirement pension age in force from time to time. Unless otherwise agreed, the timing of senior employees' days off will take place according ac- cording to the same rules applicable to the timing of special holidays or remaining holiday hol- iday if there are no special holidays in the collective agreement. As an alternative to senior employees' days off, the employee and the enterprise can agree a reduction in working hours in the form of e.g. longer off-work periods, a permanent reduc- tion per- manent reduction in weekly working hours or other. At agreement on permanent reduction in weekly working hours, the converted pension con- tribution contribution can be paid on an ongoing basis as a special allowance to the wages. The conversion does not alter the existing basis of calculation of the collective agreement agree- ment and is therefore cost neutral for the enterprise.