Contributions to the Central Holiday Fund
The employer’s contribution to the Central Holiday Fund depends on the duration of leave the employee is entitled to.
TABLE I
RATE OF CONTRIBUTION TO THE CENTRAL HOLIDAY FUND
FOR EMPLOYEES WORKING ON A FIVE-DAY PER WEEK BASIS
| Days of leave | | Days of leave | Rate of contribution
(%)
|
20 | 8 | 31 | 12.5 |
21 | 8.5 | 32-33 | 13 |
22-23 | 9 | 34 | 13.5 |
24 | 9.5 | 35 | 14 |
25 | 10 | 36 | 14.5 |
26 | 10.5 | 37-38 | 15 |
27-28 | 11 | 39 | 15.5 |
29 | 11.5 | 40 | 16 |
30 | 12 |  | |
The rate of contribution for leave longer than 40 days is increased accordingly
TABLE II
RATE OF CONTRIBUTION TO THE CENTRAL HOLIDAY FUND
FOR EMPLOYEES WORKING ON A SIX-DAY PER WEEK BASIS
| Days of leave | | Days of leave | Rate of contribution
(%)
|
24 | 8 | 37-38 | 12.5 |
25-26 | 8.5 | 39 | 13 |
27 | 9 | 40-41 | 13.5 |
28-29 | 9.5 | 42 | 14 |
30 | 10 | 43-44 | 14.5 |
31-32 | 10.5 | 45 | 15 |
33 | 11 | 46-47 | 15.5 |
34-35 | 11.5 | 48 | 16 |
36 | 12 | | |
The rate of contribution for leave longer than 48 days is increased accordingly
Exemption from the Central Holiday Fund
If an employer provides annual leave with pay to his/her employees, under more favorable terms than those provided by the Annual Holiday with Pay Law, the employer may apply for exception from obligation to pay contributions to the Central Holiday Fund. In such a case the employer pays the employee his/her normal wage or salary during the period of leave.
Forms and Documents the employer must submit
If the employer wishes to be excepted from paying contribution to the Central Holiday Fund he/she must submit form Y.K.A. 1-005 to any of the Social Insurance Services District Offices or Citizen Service Centre
The application forms can be obtained from any Social Insurance District Office, Citizen Service Centre or online.
