Rules concerning care days

As a general rule, you are entitled to a maximum of five care days per year. Your five care days will be credited to your time bank, which is typically done on January 1st of each year. Some companies have chosen to follow the holiday year and therefore put the care days in the time bank on September 1st. This means that you are allocated hours equal to your annual standard divided by 52 weeks (your employment rate).

If you have an annual standard of:

1924, 37 hours are allocated in the time bank
1872, 36 hours in the time bank
1560, 30 hours in the time bank

Upon employment, you are entitled to care days as follows:

• When you start no later than 1 January, you are entitled to five care days
• When you start no later than 1 April, you are entitled to four care days
• When you start no later than 1 July, you are entitled to three care days
• When you start no later than 1 October, you are entitled to two care days
• When you start after 1 October, you are entitled to one care day.

If you are hired in a temporary position, you will be entitled to one care day upon employment and one for each full quarter you stay employed. The number of care days is therefore dependent on the duration of your employment.

Please note that if you get a job at another company within Finance Denmark’s membership area, you are entitled to a total of five care days in a calendar year/holiday year.

Care days are taken according to the general rules for spending hours deposited in the time bank and may be taken either as full or half days, or as single hours off.

Time off is to be agreed with your immediate manager in consideration of the company’s operations. This means that your employer may deny a request for operational reasons.

If a disagreement arises about the taking of care days, you are, as always, welcome to involve your union representative.

You can read more about the time bank in our guidelines on working hours  "Guidelines om Working Hours" (PDF)

Care days may be paid out according to the rules for payments from the time bank. This means that you may choose cash payment in connection with payment of your salary. Payment is made at the current hourly pay, including pension contribution.

Your care days are paid out from the time bank when you leave the company.

If your date of departure is known at the time of allocation, care days are allocated proportionally depending on that departure date. Upon departure:

•    before 31 March, you are entitled to one care day
•    before 30 June, you are entitled to two care days
•    before 30 September, you are entitled to three care days
•    no later than 30 November, you are entitled to four care days
•    after 30 November, you are entitled to five care days

This applies regardless of whether you resign or are dismissed by the company.