Comparing US and Danish Social Security Retirement Ages and Life Expectancies

Comparing US and Danish Social Security Retirement Ages and Life Expectancies

Denmark’s Parliament recently approved an increase in the retirement age for its Social Security program. Under the new legislation, the retirement age will rise from 67 to 68 in 2030 for those born in 1963, to 69 in 2035 for those born in 1967, and to 70 in 2040 for those born in 1971. Although trade unions objected to the change as unfair to blue-collar workers, the vote in the Folketing was overwhelmingly in favor, and protests were muted—esp…

Danish fiscal restraint vs kiwi profligacy

Ross Stitt says the Danes are awake to the retirement age issue and superannuation affordability. But he wonders if our decision makers are asleep to the importance of the issue