this post was submitted on 24 Jun 2025
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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.

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[–] tankplanker@lemmy.world 4 points 23 hours ago (1 children)

This does nothing for the current problem, which is the single largest group of people, Boomers, needing their State Pension paid, as Denmark is paid for out of general taxation, and these changes do not apply to this group, as it only applies to some of Gen X and younger. This is the same group PAYING for the boomers retirement, so they being asked to pay more than ever before and getting fucked over with the higher retirement age.

[–] FishFace@lemmy.world 1 points 23 hours ago (1 children)

The high dependency ratio is going to continue to be a problem for quite a while. The time to solve the aging population problem was decades ago when their could have been policy to create budget surpluses, so that the boomer generation paid for its own care. But that didn't happen and we can't go back in time to fix it. All solutions now suck because that opportunity has been lost: you can screw the boomers by leaving them to die covered in bedsores and filth, or you can screw the younger generations by making them pay for care, or some combination.

[–] tankplanker@lemmy.world 4 points 23 hours ago

None of which is tied to raising the retirement age for the younger groups, this does fuck all to fix the actual problem.

None of which is tied to medical or elder care for the Danes, this is also mostly funded by taxation, again mostly paid by the young.

The actual solution is to start means testing Ponzi scheme state pension funds with a tapered reduction based on private pension income. However that will never every happen to this particular group as they are the largest single group, and this will be a single issue voting matter for them as they are in the middle of retiring.

Social care should be self funded by the government forcing sell off, of assets like the home, for those that can for this generation.