Denmark raises retirement age to 70 — the highest in Europe
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So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
I generally think all politicians should be forced to retire from political work by at most 60yo.
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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.
In Iceland we have massive pension funds where people pay for their own retirement.
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I generally think all politicians should be forced to retire from political work by at most 60yo.
I agree, also term limits for all of them.
However its egregious for them to be raising the mandatory retirement age for everybody else while leaving their volentary retirement age where it is, and with a particularly fat pension, its about £4k a month for only twenty years of service.
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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.
in this thread: Americans who have absolutely no idea what society looks like in Denmark. Or anywhere outside of the US actually.
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So this rise for Denmark does not kick in on people born before 1970, so it does not count for baby boomers or the oldest and usually wealthiest sub set of Gen X. Oh, also Danish politicians can still retire at 60 right?
This is fairly typical with these age rises, applies to everybody BUT the largest group who have caused all the problem by being the largest group and who often haven't paid their fair share in a lot of schemes as a lot of state pension schemes are a Ponzi scheme rather than an actual investment fund, including the Danes as its paid directly out of taxation.
This means all the poor fucks who will now retire later will still be paying for that largest ever group to retire at an earlier age.
What is particularly insidious with this type of change is that the private pension age has also been raised for people in the UK. This means even if you can afford to you cant take it as early as you once could. Absolutely done because they will be means testing the UK state pension at some point.
Danish millennials and gen xers who work in retirement or old age support roles should change careers. And zers and alphas getting into it should consider hiatuses.
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I mean US retirement age is 67, so we're doing that already.
Heh. "67 SO FAR" -- homer
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I mean US retirement age is 67, so we're doing that already.
You guys are retiring?
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Part of it makes sense. We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
The problem is that our idea of what "work" should be is so awful that people look forward to retiring, and logically complain if they are denied the opportunity.
That make sense to you?
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in this thread: Americans who have absolutely no idea what society looks like in Denmark. Or anywhere outside of the US actually.
Most Europeans have a poor understanding of what the USA looks like as well... Turns out that most people have no idea what most of the rest of the world looks like! This could even mean inside of their own country! The USA is quite large and very much varied.
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You guys are retiring?
I’m stashing cheap pistols around my house, so yes I’ve got a plan
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The channel Economics Explained actually covered Denmark on this weeks video essay. The impression that I got is that they really have their shit together, even these planned retirement age changes are expected to be gradual so people can plan for it.
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why are so many people ok with raising the retirement age? it's literally of zero benefit to anyone who isn't insanely wealthy enough to just quit working whenever they want. if they ever worked in the first place
We are heading into a period with severe labor shortages as the elderly retire. Who will take care of the elderly? Who will handle be their doctors/nurses? This is not a problem that can be solved with money unfortunately. You need to either relax migration rules so foreigners take these jobs (very unpopular atm) or increase the retirement age.
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Part of it makes sense. We live longer and longer, retirement age is something that needs to be adjusted with the human lifespan.
The problem is that our idea of what "work" should be is so awful that people look forward to retiring, and logically complain if they are denied the opportunity.
Ah, yes, the old argument of "you live longer, so the billionaires get to own more of your time".
No. How about if I get to live longer, I get to enjoy my tiny little bit of time longer? It isn't scarcity by nature - it's scarcity by design.
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Congrats on retirement! What are you planning on doing with your newfound freedom?
Well I was going to go out west for a month but I don't feel it is worth the hassle of putting up with the possibility of dealing with ICE. While I am a pale white old fucker my wife is not.
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This is America, work a different job.
I guess I will go back to part time in 6 months.
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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.
Work all your life to feed the pyramid pension scheme and when you finally retire, you're too old to do anything meaningful with your life.
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Seems like they oughta tax the rich higher, not make the poorer work till they collapse
Yes,
But also, perhaps superannuation being (at least here in NZ) not means tested and larger than all other welfare combined implies there is a problem.
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Most Europeans have a poor understanding of what the USA looks like as well... Turns out that most people have no idea what most of the rest of the world looks like! This could even mean inside of their own country! The USA is quite large and very much varied.
For the topic of this thread in particular I see a lack of knowledge that the average lifespan in the US is a full four years shorter than in other comparable countries.
https://www.healthsystemtracker.org/chart-collection/u-s-life-expectancy-compare-countries/
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I think the average lifespan in America is 67.
People would be truly working until death, there.
Try 78: https://www.cdc.gov/nchs/fastats/life-expectancy.htm
Obviously not everyone reaches that. Even if you set the retirement age at 50, some people would die first.
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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.
I don't think the shithead oligarchs who barely work a week outta the year should get to tell the working class how long they are forced to work.
And where do you expect them to work? No one is going to hire a 70 year old! (Except the US, bonus if they're a rapist and felon)
This is getting ridiculous...
