Europeans already get four to six weeks of guaranteed vacation time each year. A court there recently ruled that workers who happen to fall ill during vacation are legally entitled to get a do-over on their trip. The decision came about when workers in Spain brought a case before the court, arguing that collective bargaining agreements distinguish a clear line between annual leave and sick leave. “The purpose of entitlement to paid annual leave is to enable the worker to rest and enjoy a period of relaxation and leisure,” the Court of Justice of the European Union ruled. “The purpose of entitlement to sick leave is different, since it enables a worker to recover from an illness that has caused him to be unfit for work.” All 27 countries in the EU will be held to the court’s decision.
The law affects access to policy loans for insureds who are getting LTC-related accelerated death benefits.
One is for a final expense and annuity IMO, and the other is for a Medicare plan IMO.
One FASB delay affects long-duration contract obligations. Another affects what happens when investments go bad.
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