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.
Far from perfect, and with rising inequality, but Denmark has generally been relatively decent when it comes to taxing the rich and high-income individuals.
As born in the 90s I’m expected to retire at the earliest by 72. I don’t understand this at all though - I’m expecting a reduced need for labourers as many things become increasingly automatised anyway, so it’s an entirely wrong focus in the first place.