- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
Denmark is set to have the highest retirement age in Europe after its parliament adopted a law raising it to 70 by 2040.
The retirement age at 70 will apply to all people born after 31 December 1970.
You must log in or register to comment.
Having relatives that died when they were 70 and seeing stuff like this is quite depressing.
My ex’s grandma slept 5 hours a night, worked a full time seamstress job and cooked and cleaned and raised her kids and grandkids. She enjoyed just 1 year of retirement before Covid hit.
Yeah, we need to make sure to live our life now and do what we want. Work less, live below our means to save up, take a chance and travel or whatever it is one wants to do, if we are able to. Don’t postpone it. I’ll live my life as if I won’t get a retirement at all.
That’s sort of the goal of retirement, you aren’t supposed to live that long afterwards
It’s not a vacation, it’s a “we will take care of you once you can no longer put money into the machine as long as you spent your life taking care of other people who could no longer put money into the machine”
At the same time, politicians here in Denmark can retire at 60! Those fuckers get free housing, free transport, free food, AND after-pay. “Rules for thee, not for me!”
If only they’d also be forced to retire at 60. Instead they stay in politics and continue to make decisions based on outdated knowledge and ideals.
Yes, they’re going to die sooner anyway. Forced retirement at 60 for politicians would be perfect.
If they didn’t get all those benefits everyone might be able to retire earlier.
They should be bound by the same rules as the rest of us.
Right bcz 70 year olds are known for being spry young chickens in great physical health.
Let’s see them force a bunch of 69 year olds to work cause I know I would just fart in their direction if they tried.
They’re not going to “force” you to work. You always have the option of just starving to death.
FreedomTM
There’s nothing stopping Danes from saving and retiring whenever the hell they want
Nothing but rabid inflation and declining earning potential
Yall got that over there?
This is what the anti-immigration right wanrs to do to you, folks!
“I’ve paid my taxes all my life. There should also be time to be with children and grandchildren,” Mr Jensen told outlet DK.
I can’t speak to the history of government supplied pension in the EU, but in the USA, our version (Social Security) was never meant to provide “a time to be with children and grandchildren”. The expectation was that most people would die before being unable to work, and Social Security provided a means for the elderly that lived to be housed and fed until they died. Social Security was designed to prevent living elderly from being in absolute poverty never to provide a time of respite before eventually dying.
And then they have the audacity to ask, “Why is no one having kids?” - This is why!! Why would we ever bring a child into this world to work from 21-70 years old!?(I know that some start working at a younger age.) That’s human slavery! And don’t get me started with the slave wage pay. This is absolutely appalling and euthanasia is gonna be a hit. People will off themselves or have someone end their lives and it wouldn’t surprise me a bit.
The essential problem is that the people working now are paying for the people that are retired. It would make more sense for the gov’t to have taxed the people prior to their retirement, and have invested those taxes, so that in their retirement they would be getting out what they had previously paid in. And switching over to a system like that would require double taxation on the population now, which will make such a proposal very unopopular.
But if your retired population is growing, and you have fewer people working, then you either need to increase the retirement age–so that more people are paying into the system–or increase the taxation overall. If I recall correctly, Denmark has been seeing a negative population growth; that’s a real problem for retirement schemes that rely on current taxes paying for retirees.
Is this fair to people that have been working in trades and have beaten up their body for 40 years? No. Likewise, it’s not really fair to people that have working in white-collar jobs that may still be more than capable of excelling at their job, and still want to work. (My dad had mandatory retirement at 72 due to company policy; he immediately got re-hired as an on-site consultant, and has been doing that for over a decade.)
EDIT - this is a huge problem in the US. The social security taxes now on working people are immediately paid out to retirees. SS benefits go up to account for inflation, but the amount coming in is decreasing because population growth has slowed. Without major reforms, social security in the US won’t be solvent by the time I retire, IF I ever retire.
The government should have been taxing the Corporations that made enormous profits from the surplus value their employees generate and then requiring said Corporations to invest annually in pensions matched to Cost-of-Living indexes.
In the US, instead we got 401ks so the poors are required to cheer the stock market and pretend they’re temporarily embarrassed Capitalists, rather than the scornful reality of being wage-slaves.
Denmark has been seeing a negative population growth; that’s a real problem for retirement schemes that rely on current taxes paying for retirees
And they’re particularly xenophobic, so no immigration to beef up the numbers
Yeah, we’re doing the same in the US… :(
Thank god in the Netherlands we are not and we did not elect a far right party as the biggest party, oh wait…
I hostely fear for the next 5 years, with far right (and anti science, anti woke, anti freedom, anti any progressive idea people had after 1950s) gaining more traction.
Ah yes, the good ol’ retirement pyramid scheme. What could possibly go wrong, so long as we create more and more and more and more humans at an infinitely exponential rate?
For Greenland too?
we need more robots!!!
