Denmark has become the first European country to raise its retirement age to 70, aiming to secure the sustainability of its welfare system amid changing demographics and longer life expectancy.
Denmark’s parliament approved a law to increase the retirement age to 70 for people born after December 31, 1970. Currently, the average retirement age is 67, with some reaching 69 depending on their birth year. Employment Minister Ane Halsboe-Jørgensen stated the change is necessary to maintain adequate welfare for future generations.
Currently, around 80,000 Danes over the official pension age continue to work, supported by flexible employment conditions and financial incentives.
However, the decision has faced criticism from opposition parties, especially regarding workers in physically demanding jobs who may struggle to continue working until 70. Denmark’s move sets it apart in Europe, with the retirement age surpassing all others and comparable to some of the highest ages globally.
Similar pension reforms are underway in other countries, such as China and the UK, reflecting global trends driven by increased life expectancy and evolving work conditions.
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