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.
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.