Denmark to raise retirement age to highest in Europe
Summary
Denmark's parliament passed a law to raise the retirement age to 70 by 2040, giving it the highest retirement age in Europe. The change will affect people born after December 31, 1970, and continues Denmark's policy of adjusting the retirement age based on life expectancy.Key Facts
- The retirement age in Denmark will rise to 70 by the year 2040.
- This change will affect those born after December 31, 1970.
- Denmark has linked retirement age to life expectancy since 2006.
- The current retirement age in Denmark is 67; it will rise to 68 in 2030 and to 69 in 2035.
- The new law was passed with 81 votes in favor and 21 against.
- Prime Minister Mette Frederiksen has expressed concerns about automatically increasing the retirement age.
- There have been protests in Copenhagen against the retirement age increase, backed by trade unions.
- Other European countries have also raised retirement ages due to longer life expectancy and budget concerns.
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