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Lønmodtagernes Garantifond (LG)

LG is the employees’ guarantee fund. LG ensures that your employees are paid their respective salary, holiday allowances, and other things if your company is bankrupt or is closed down in a similar manner.

If your company has legally requested a suspension of payments order from a court of law, LG can also assist you with the payment of the net payroll costs to your employees during such a suspension.

If you are declared bankrupt or go into liquidation, your employees can claim any money you owe them from LG.

Contributions to LG

Contributions to LG are paid together with a number of other ATP contributions that private companies have to pay for:

  • unemployment
  • illness
  • maternity/paternity leave.

Combined this is called Finansieringsbidrag (financing contribution).

Go to Finansieringsbidrag