On 28 April 2019, the law introducing a legal framework for the
possibility of a time savings account for employees in the private
sector came into force.
Companies having introduced a time savings account in execution
of an existing collective bargaining agreement may continue to
apply the rules set out therein until the expiry of such collective
bargaining agreement.
A time savings account may only be agreed in the context of a
collective bargaining agreement or of an interprofessional
agreement.
Employees who have more than two (2) years' seniority within
the company have the possibility to collect rights to paid leave of
up to 1800 hours on a special account. The employee shall be
entitled to use such hours at a later stage to carry out personal
plans, such as a sabbatical leave or child-rearing without having
recourse to unpaid leave.
