Long-term savings option
The long-term savings option enables you to save some of your vacation hours for long-term vacation such as a sabbatical.
Over a period of 3, 4 or 5 years you may save, next to a maximum of 76 vacation hours (bought through the Individual Choices Model), 72 hours of compensation hours each year for an uninterrupted, long-term period of vacation. You must take the saved vacation no later than a year after the saving period. During the vacation, you receive your regular salary and continue to accrue vacation hours. You may only participate in the long-term savings option if you retain the statutory minimum of four weeks’ holiday per year.
Annual agreement
The long-term savings option is also available for employees who have an annual agreement with their manager. You can save for long-term vacation by working extra hours, with a maximum of 72 hours annually.
Please note: The Regulations on Annual Agreements will expire on 1 January 2024 and we will switch entirely to function-based contracts in accordance with the Collective Labour Agreement for Dutch Universities (CAO NU). The Regulations on Annual Agreements will apply until then. Staff who have annual agreements will be informed.