Zeitwertkonten

Zeitwertkonten, or time value accounts, are flexible employee benefit accounts used mainly in Germany. They allow employees to accrue and save 'extra' working hours or financial equivalents earned through overtime or special arrangements. These saved hours or funds can be used later for time off, early retirement, or additional financial benefits. Essentially, it's a way for employees and employers to manage work and compensation over time, providing flexibility for personal needs or career transitions. The account balances reflect the current value of accrued hours or funds, considering factors like interest or inflation, hence "time value."