European country approves raising retirement age to 70 years

The Danish Parliament on Thursday, May 22, made a revolutionary decision to gradually increase the retirement age to 70 years. The bill received significant support from deputies: 81 parliamentarians voted "for," while only 21 deputies voted "against," reports "Interfax."

According to the approved plan, the retirement age will increase gradually: by 2030, Danes will have to work until 68 years of age, by 2035 - until 69 years, and by 2040 the pension threshold will reach 70 years. Currently, residents of Denmark retire at 67 years of age.

The initiators of the reform justified the necessity of such changes by the significant increase in life expectancy in the country. Notably, initially an even more radical option was discussed in parliament - raising the retirement age to 72 years by 2035.

Experts note that the trend toward increasing retirement age is observed in almost all European countries. For example, in Germany, by 2030, both men and women will retire at 67 years of age.

Meanwhile, the German Institute for Economic Research in Berlin (DIW) is already actively calling for the start of a broad public discussion about the possibility of raising the retirement age to 70 years. The main arguments are increased life expectancy and accelerating population aging.