Denmark Raises Pensions Age

The Danish government has adopted a social welfare agreement, which will see an increase in state
pension age and rise in early retirement age to tackle the effects of longevity. According to the
welfare reform bill, the pension age will increase from 65 to 67 between 2024 and 2027, and early
retirement age will rise from 60 to 62 between 2019 and 2022. This means that people currently
under the age of 48 will not be able to qualify for an early retirement until they are 62. Similarly, they
will also not be able to claim a state pension until they turn 67. The government’s welfare package
aims to prepare Denmark for the challenges of an ageing population. It includes reforms on
pensions, education and integration. The Danish public have largely welcomed the social reforms,
according to a Gallup poll by the daily newspaper ‘Berlingske Tidende’. Some 61% of the public
supported the changes to the early retirement age, and over 50% agreed with the increase in state
pension age.

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