Denmark to raise retirement age to 70
telegraph.co.uk
Denmark to raise retirement age to 70
1–10 of 1001 posts
Re: Denmark to raise retirement age to 70
#2*) by 2040. I hate it when titles are incomplete.
How will this work realistically? How will you convince employers to keep workers employed till 70? Especially in fast changing fields like IT where a lot of old knowledge and experience gets considered obsolete by those screening resumes. Sure, people might survive longer, but that doesn't mean all workers will be equally mentally or physically fit to still perform well at some jobs at 70 as well as a 30 year old, especially if they're mentally or physically challenging jobs.
I'm not talking about government paper pushing jobs, but private industry jobs with international competition where you need to be agile and up to speed to survive as a business. This system worked for the boomer generation in slow moving highly regulated industries like steel, rail and automotive, where you'd spend all your life at one company who'd promote you and invest in your training till retirement, but this isn't as common anymore. International companies now want things done faster and cheaper and can't be competitive keeping 70-year-olds on the payroll idling around waiting for retirement.
For example, here in Austria, if you're laid off at the age of 50, the chances of getting another job at that age for many professions are already next to zero due to rampant ageism, so workers in some professions end up on long term unemployment till retirement, yet the government agencies are not talking about this major issue and just tell the 50 year olds on long term unemployment to "make a more colorful resume to stand out"(I shit you not). You're also not allowed to take your contributions out of that pot early or all at once to fuck off out of the system and be on your own if you want, proving it is Ponzi scheme in disguise.
Re: Denmark to raise retirement age to 70
#3*) by 2040. I hate it when titles are incomplete. How will this work realistically? How will you convince employers to keep workers employed till 70? Especially in fast changing fields like IT where a lot of old knowledge and experience gets considered obsolete by those screening resumes. Sure, people might survive longer, but that doesn't mean all workers will be equally mentally or physically fit to still perform w…
I'm not sure this really changes the information?
Ok, so if you're near retirement now you're fine
But if you're younger, you can look forward to not retiring until 70, as if the younger generation hasn't been shit on enough
Amazing stuff. One last ladder for the older generation to pull up behind them before they die, I guess
Re: Denmark to raise retirement age to 70
#4I’m not sure how I feel about this. I’m based in the Nordics and my estimated retirement age at the moment (where I can get my state pension) is 67y 4m. Whilst I understand the burden the aging population is having on society (lifespan) it doesn’t seem like there’s much proactive government input into people’s healthspan.
Maybe instead we should try investing in this area (reducing the burden on services) instead of simply trying to reduce the quantity of folks claiming from the state pension pot.
Re: Denmark to raise retirement age to 70
#5*) by 2040. I hate it when titles are incomplete. How will this work realistically? How will you convince employers to keep workers employed till 70? Especially in fast changing fields like IT where a lot of old knowledge and experience gets considered obsolete by those screening resumes. Sure, people might survive longer, but that doesn't mean all workers will be equally mentally or physically fit to still perform w…
I'm not sure this really changes the information? Ok, so if you're near retirement now you're fine But if you're younger, you can look forward to not retiring until 70, as if the younger generation hasn't been shit on enough Amazing stuff. One last ladder for the older generation to pull up behind them before they die, I guess
In all fairness.
the housing market in Denmark is approachable - you can get houses near major cities for usd 80k.
Social security, you can go unemployed for years and still pay your bills.
Government provided education with stipend - having masters degrees are common.
And the economy is strong.
Most Danes understand that this is inevitable - the big issue is that the politicians have given themselves more favorable terms.
Re: Denmark to raise retirement age to 70
#6*) by 2040. I hate it when titles are incomplete. How will this work realistically? How will you convince employers to keep workers employed till 70? Especially in fast changing fields like IT where a lot of old knowledge and experience gets considered obsolete by those screening resumes. Sure, people might survive longer, but that doesn't mean all workers will be equally mentally or physically fit to still perform w…
I'm not sure this really changes the information? Ok, so if you're near retirement now you're fine But if you're younger, you can look forward to not retiring until 70, as if the younger generation hasn't been shit on enough Amazing stuff. One last ladder for the older generation to pull up behind them before they die, I guess
Won't be a long wait till it gets raised to 80. The demographics of many nations are pretty grim.
Re: Denmark to raise retirement age to 70
#7I’m not sure how I feel about this. I’m based in the Nordics and my estimated retirement age at the moment (where I can get my state pension) is 67y 4m. Whilst I understand the burden the aging population is having on society (lifespan) it doesn’t seem like there’s much proactive government input into people’s healthspan. Maybe instead we should try investing in this area (reducing the burden on services) instead of…
Are you really claiming there is some big health issue in the nordic countries suppressing life span?
Re: Denmark to raise retirement age to 70
#8I’m not sure how I feel about this. I’m based in the Nordics and my estimated retirement age at the moment (where I can get my state pension) is 67y 4m. Whilst I understand the burden the aging population is having on society (lifespan) it doesn’t seem like there’s much proactive government input into people’s healthspan. Maybe instead we should try investing in this area (reducing the burden on services) instead of…
It’s not just about expanding lifespans. The cratering birth rates are a huge reason why societies are going to need people to work until they’re older.
Re: Denmark to raise retirement age to 70
#9This is because of their low birth rate primarily right?
I think the system has failed at this point, when you are expected to work that long.
Re: Denmark to raise retirement age to 70
#10The last great country in Europe, may their salvation come in their easy going friday afternoons and the general well being of the nation.