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.

  • tankplanker@lemmy.worldEnglish
    52·
    17 hours ago

    So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?

    This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven’t paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.

    This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.

    What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.

    • Eximius@lemmy.worldEnglish
      11·
      16 hours ago

      I generally think all politicians should be forced to retire from political work by at most 60yo.

      • tankplanker@lemmy.worldEnglish
        4·
        16 hours ago

        I agree, also term limits for all of them.

        However its egregious for them to be raising the mandatory retirement age for everybody else while leaving their volentary retirement age where it is, and with a particularly fat pension, its about £4k a month for only twenty years of service.

    • Buddahriffic@lemmy.worldEnglish
      1·
      14 hours ago

      Danish millennials and gen xers who work in retirement or old age support roles should change careers. And zers and alphas getting into it should consider hiatuses.