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.
It means more tax take and less superannuation spending. Depends on the country’s superannuation system, of course.
That means more money available for all the things taxes are used for, many of which are very very necessary.
How can you justify cuts to the healthcare system because you claim to not have enough money, but then pay pensioners some thousand dollars a fortnight, regardless of what assets or other income they have?
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.