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.

  • NoneOfUrBusiness@fedia.io
    2·
    17 hours ago

    How are you gonna stop “the rich” from simply taking all of their digitally stored wealth and leaving the country that taxes them?

    Their wealth is digitally stored, but their business isn’t. A car dealership or a Walmart are physical things that they can’t take with them unless they close up shop entirely and miss out on the revenue, and those are taxed too.