Denmark raises retirement age to 70 — the highest in Europe | CNN Business
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Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.

Denmark is set to have the highest retirement age in Europe, after lawmakers voted to raise it to 70.

Parliamentarians passed a bill mandating the rise on Thursday, with 81 votes in favor and 21 against.

The new law will apply to people born after December 31, 1970. The current retirement age is 67 on average, but it can go up to 69 for those born on January 1, 1967, or later.

The rise is needed in order to be able to “afford proper welfare for future generations,” employment minister Ane Halsboe-Jørgensen said in a press release Thursday.

  • NostraDavid@programming.devEnglish
    1·
    17 hours ago

    We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.

    I think it has more to do with the baby boom right after 1945. If those older people retire, there isn’t enough younger generation to support them, so more people need to work longer, so we don’t get too many retired people all at once.

    I think it’s more of a “can we support the retired” kind of issue - not just “muh money”. It’s a little more nuanced than that.

    • Cort@lemmy.worldEnglish
      1·
      8 hours ago

      If that were the case, they’d be increasing the retirement age for everyone, not just people under 55.

      If they’re short on funds for the people about to retire, it means those people haven’t contributed enough to fund their own retirement.