Denmark Raises Retirement Age to 70 by 2040
Taarek Refaat
The Danish Parliament passed a new law on Thursday raising the official retirement age to 70 by 2040, up from the current age of 67.
According to the parliament's website (Folketing), 81 MPs voted in favor of the law, while 21 voted against.
Since 2006, Denmark has had a system that links the official retirement age to life expectancy, which is reviewed every five years.
Under this system, the retirement age will rise to 68 in 2030 and then to 69 in 2035.
The new law stipulates that the retirement age will be 70 for all persons born after December 31, 1970, meaning that future generations will work longer before retiring.
Danish Prime Minister Mette Frederiksen, 47, of the Social Democratic Party, said last year that she was prepared to review the system once the retirement age was fixed at 70.
"We no longer believe that the retirement age should automatically rise," she told Berlingske newspaper in August 2024.
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