Who will live to see it: Danes only retire at 70, in the Balkans still at 65

Danish lawmakers passed a new law on May 22nd that gives the Scandinavian country the highest retirement age in Europe.

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Illustration, Photo: PA
Illustration, Photo: PA
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

For generations of Danes born after December 31, 1970, May did not bring good news.

On May 22, Danish lawmakers passed a new law that gives the Scandinavian country the highest retirement age in Europe.

2040 MPs voted in favor of the new law that will increase that limit to 70 years by 81, while 21 voted against.

The new regulations will apply to all generations born after 1970.

Since 2006, Denmark has tied the official retirement age to life expectancy, changing it to five years.

Under current regulations, Danes retire at age 67, but by 2030 they will have to work another one.

And when 2035 comes, he will only be able to retire at the age of 69.

However, Prime Minister Mette Frederiksen said last year that the sliding scale of the retirement age would be reconsidered.

"We do not believe that the retirement age should automatically increase."

"You can't just keep telling people they have to work an extra year," she said.

And where is the free time for the closest ones?

For Thomas Jensen, a 47-year-old roofer, the change is "unreasonable."

"We work, we work, we work, but we can't keep going," he said.

It may be different for those who work in an office, but workers in physically demanding professions will find the change difficult.

"I've paid taxes my whole life."

"Time should be left to spend time with children and grandchildren," Jensen told DK.

Several protests have taken place in the streets of the capital Copenhagen in recent weeks over the increase in the retirement age.

Ahead of the vote in parliament, the president of the Danish Trade Union Confederation, Jesper Etrep Rasmussen, said that "the proposal is completely unfair."

"Denmark has a healthy economy, and its retirement age is the highest in the European Union."

"A higher retirement age means that people will lose the right to a dignified life in old age," he warned.

How is it in the Balkans?

U Serbia There are no such announcements for now.

Law on Pension and Disability Insurance it was amended in 2014.

From 2023, women will be entitled to an old-age pension when they have completed at least 15 years of insurance and are 63 years and six months old.

The rules for men do not change - they retire at the age of 65, and have at least 15 years of service.

Both sexes can retire if they meet the requirement of 45 years of service.

It is similar in the neighboring Croatia.

Men Men are eligible for retirement at 65, and women at 63, but this could change from 2030.

If the new measure is adopted, both sexes would retire at the age of 65.

In Slovenia The limit is the same for men and women - 60 years and 40 years of pensionable service or 65 years and 15 years of insurance service.

The same number of years is required for men and women in both entities of Bosnia and Herzegovina - Republika Srpska and Federation of Bosnia and Herzegovina.

However, in the Republika Srpska, if a woman is not 65 and has 35 years of service, she can retire at 58.

Similar regulations are also in Montenegro.

Men retire at the age of 65, and women a year earlier.

A woman who is 63 years old and lives on Kosovo has the right to retire, but for men it is necessary to be two years older.

In North Macedonia retire a little earlier - men at 64 and women at 62.

Europe: Belarus leads the way

Reuters

Retirement ages vary across European countries.

Many governments have raised the retirement age in recent years to keep up with longer life expectancies and address budget deficits.

Decisions are also influenced by a worsening demographic picture - nations are getting older.

France had the lowest retirement age so far, where full retirement was at age 62.

But in 2023, the decision of French President Emmanuel Macron and his government to push through controversial reforms on the raising the retirement age from 62 to 64, sparked fierce protests across the country.

The lowest limit in Europe is in Belarus - men 63 years, women 58.

The European countries with the highest retirement ages, after Denmark, are Italy, Australia, the Netherlands, Greece and Iceland - 67 years.

In Sweden it is April this year adopted law which raised the retirement age to 67 years.

At less than 65 years of age, a full pension can be obtained in Spain, Slovakia, the Czech Republic, Latvia, Lithuania and Malta.

In Austria, men can retire at the age of 65 and women at 60, but from 2033 the age limits will be equalized.

It's the same in Russia - 65 for men, 60 for women.

In Germany, the Age Adjustment Act was passed in 2007, which provided for a gradual increase in the retirement age.

For insured persons born in 1964 and later, the limit has been moved to 67 years.

For generations born from 1947 to 1963, a transitional period with a gradual increase in the retirement age is foreseen.

In the UK, people born between October 6, 1954 and April 5, 1960 start receiving their pension at age 66.

But there's news for people born after this date, as the retirement age will be raised. gradually increase.

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