This infotype stores the employee's vacation savings details. The infotype consists of two subtypes.

The information is needed when determining the way the employee saves vacation allowance and the amount.

 If you do not maintain the infotype Vacation Savings (0074) for an employee, it is not possible to process payroll.

Based on information entered, vacation allowance is calculated. The following criteria determine the type of vacation savings the employee is entitled to:

- The legal status of the employee

- The company agreement

The vacation allowance can be paid out in three different ways:

• "FerieKonto" is mostly used for salaried employees ("funktionærer") who are entitled to paid vacation
• Cash payment ("kontant afregning"/"feriemærker") is only used for hourly paid employees
• Non-cash payment is only used for hourly paid employees.

The Vacation Act ("Ferieloven") covers most employees in the private sector labour market in Denmark.

The employee must save up the right to paid vacation the year before he/she can spend it. The period where the vacation allowance is saved up ("optjeningsår") follows the calendar year (e.g. 1/1-31/12-1998). The period where the vacation money must be spend is the vacation year ("ferieår") which is between the 2/5-1998 - 1/5-1999. The saved vacation must be taken during the vacation year ("ferieår") and cannot be carried over to the next vacation year.

Every month the company has to transfer the vacation allowance to "FerieKonto". If an employee leaves the company, the saved vacation allowance is transferred to "FerieKonto" by the company just after the employee leaves the company. The remaining vacation savings are then handled by "FerieKonto".

Hourly paid employees must save up for the public holidays and Sundays. For every payroll period a certain percentage of the gross wages are saved up and are used as payment on the public holidays and Sundays ("Søgnehelligdagsbetaling") the following payroll period.

Subtype 2 is used when an employee leaves the company and the vacation allowance wished to be processed.

Each of the three vacation years, (this year, last year, and the year before last) that might be involved when paying out vacation allowance, has an individual tabstrip. This makes it possible to handle each vacation year separately as well as treat each vacation year differently.

This tabstrip is used when settling the vacation allowance for the current year.

This tabstrip is used when settling the vacation allowance for last year.

This tabstrip is used when settling the vacation allowance for the year before last.