Retirement age in Denmark set to raise to 70

[MikeRafone]

https://www.bbc.com/news/articles/cvg71v533q6o

I hadn’t realised Denmark was presently in line with uk on retirement age and now raising it to 70

and that’s for people born 1970 onwards! I wonder if this will be used for uk to fallow suit?

Where have you got this from? I'm an 90s baby and my SRA is 68.

If you want your parents to be receiving treatment for cancer, heart issues and dementia into their 80's giving them another 10/15 years of life then you need to accept that supporting them for those extra years needs to be paid for.

but everybody else wants someone else to pay or believes its affordable if we stop immigration.

I don't disagree with you re: someone has to pay for healthcare, but if the alternative is euthanising people who 'cost to much to keep alive' then yes, that is highly unpalatable. and one reason I'm not a fan of the right to die bill.

By maintaining the provision despite knowing that it is unsustainable and unaffordable in the long term and then funding it through mandatory taxation.

If they were more honest and admitted to the working population that they wouldn't be eligible for these benefits when they reach the equivalent age then how many younger people would be happy to pay? Would this impact the results of the election and how many people though for example that the WFA is vital? The support for the WFA is given often under the premise that similar provision will be available to everyone when they get old. We know that this is extremely unlikely.

This is what I mean about keeping younger people in the dark. The government is pretending that people born in the 90s will have a state pension when they reach 68. This is so incredibly unlikely that it's almost fraudulent at this point to claim this.

I think it's understandable that employers will prefer people who are younger. However with falling birth rates there will be a shortage of younger people and more generally a shortage of people to fill the roles that need to be filled.

Yeah, they won't have a choice likely. Low birth rates are impacting much of the west, & we will see more countries doing what Portugal are doing and more young people will leave here. It's certainly something Im encouraging my dc to do. Obviously this just exacerbates things here.

I think you sound a bit daft keep going on about Baby Boomers.

Retirement ages changed four years into them beginning to retire. When the first Boomers were retiring in about 2006 (eleven years after changes were announced), the youngest were in their early forties.

The people in charge of the changes in the nineties were more likely to be members of the Silent Generation who would all have mostly retired by 2005 and would have all experienced the benefits of lower retirement ages, whilst changing them for the generation below them, i.e. Boomers.

So if you're going to have a go at anyone have a go at them.

Although it sounds very weird and bitter having a go at people who just followed what the law was at the time.

@Bumpitybumper free prescriptions for over 60s is surely going to go pretty soon.

By maintaining the provision despite knowing that it is unsustainable and unaffordable in the long term and then funding it through mandatory taxation.

absolutely nobody wants to acknowledge it though so politicians get away with it.

But 90% of men in the age group who retired at 65, started work at 15, meaning they worked for 50 years and are retired, on average, for 18 years (living until 83).

If people delay starting work by 6 years, it stands to reason we will all have to work until six years older, taking our retirement age to 71.

I don't disagree with you re: someone has to pay for healthcare, but if the alternative is euthanising people who 'cost to much to keep alive' then yes, that is highly unpalatable. and one reason I'm not a fan of the right to die bill.

The cynical part of me thinks this is why they are bringing it in. Financially it makes sense.

@Meadowfinch Ive paid NI since I was 17 and throughout uni so with my pension age of 68 so that's 51 years. So why should my age increase to 70? I'm not a man either so unsure why you are referencing men.

I'm not sure you can argue that expecting the working population to pay taxes is 'encouraging the working population to fund state pensions and other benefits for baby boomers'.

Do you believe that working population taxes shouldn't go on schooling if you don't have children, or roads if you don't have a car, or healthcare if you're lucky enough not to be sick/disabled?

IMO we should all pay taxes for the good of society as a whole.

That's a horrific thought but sadly I can see where you're coming from.

There's also the issue that generation X are far less likely to be mortgage free/own a home so that's more tax going on housing benefit. It's a mess.

Damn, I meant 80s* baby. I am early 40s.

@JasmineAllen it's terrifying, I also think surgery will end up with such long waiting lists that you will suffer unless you can go private.

I didn't know that, but presumably as Gen X get older they will be mortgage free. Some Gen X are in their mid 40s so not very likely to be mortgage free, where as older Gen X (inc me) are mid 50s and we're mortgage free.

Do you believe that working population taxes shouldn't go on schooling if you don't have children, or roads if you don't have a car, or healthcare if you're lucky enough not to be sick/disabled?

IMO we should all pay taxes for the good of society as a whole.

We aren't paying taxes equally though. Far too much weight on income vs wealth.

And the issue is the demographics, in the 60s it was 5 workers to 1 pensioners, now it's 3:1 and 2:1 is I think a decade or so away. We already have more over 65 yr olds than under 15 yr olds. It's completely unsustainable and we have never seen such demographic shifts before.

Unfortunately, it's already bloody well like that!!!

You can retire whenever you like, that's why private pensions and never being reliant on a man financially is crucial.

I have absolutely no intention of working beyond 60 and have spent my whole working life planning for it.

Fuck it. I’m getting out of the rat race and turning to a life of crime.

Much more renting than previous generations though, so they'll never own mortgage free property and that's even more so for subsequent generations.

I have also paid NI since 16 so will also have 51 years NI paid by the time I get my state pension but the qualifying amount was (and is) very low. I was working part time while still at school and managed to hit the qualifying threshold two years in a row at school and for three years at uni.

It would not have generated the same revenue for govt as a person working full time and paying full time NI and PAYE.

I didn’t say boomers fought in the war. I used it as an example of how life is and has been hard for young people. But Ok let’s remove the war reference. What about the other references to universal suffrage, equality, employment rights? All examples of ‘shaftings’ that people experienced to name but a few. You want to know the thoughts of my young people? They don’t think they’re shafted, they know they are lucky to be fit and healthy, and live in a time where they’ve had opportunities their parents and grandparents didn’t have. They know life is tough, they know they’ll have to work to get what they want and even then it might not happen. I haven’t taught them to be defeated by perceived ‘shaftings’ I’ve taught them to be resilient and resourceful. If they don’t want to work until 70 they better do something about it and the sooner the better.