Retirement age raised to 70 in 2040

The Danish Parliament passed a law on Thursday, without strong opposition, raising the retirement age to 70 from 2040, up from the current 67. Eighty-one MPs voted in favor and 21 against, the "Folketing" reported on its website.

In Denmark, since the 2006 reform, the legal retirement age has been indexed to life expectancy and revised every five years. In 2030, it will rise to 68, and in 2035, it will be 69.

The new law sets the retirement age at 70 for everyone born after December 31, 1970—in other words, anyone turning 69 in 2040 and beyond. Last summer, the head of government, Social Democrat Mette Frederiksen, 47, said she was prepared to review the system once the retirement age reached 70.

"We no longer believe in the automatic nature of the increase in retirement," she told the daily newspaper Berlingske in August.