The retirement age for the main public pension has
increased over time in Denmark, in line with
rising life expectancy.
People born 20 years apart face different rules
born 1952
born 1972
People born in 1952 and people born in 1972
reach retirement under different age rules.
Retirement age increased in small steps
For people born in 1952, the retirement age was 65.
For cohorts born over the next 20 years, it increased
gradually, by about three months per birth cohort,
reaching 70 for people born in 1972.
Monthly pension benefits have remained stable
born 1952
=
born 1972
Over this period, the level of monthly pension benefits has
remained approximately stable, after adjusting for wage growth.
Early retirement age also rose gradually
The early retirement age (the age at which eligible individuals can receive early retirement benefits)
also increased gradually: from 60 for people born in 1952,
by about four months per birth cohort, reaching
67 for people born in 1972.