Rise in elderly pensioners continues for 18 months

The number of Danish state pensioners has been increasing for 18 consecutive months, with a new tally for June from the Danish Agency for Labour Market and Recruitment (Star) showing a rise of over 34,000 to a total of 1,232,066 pensioners. This increase coincides with the pension age remaining unchanged since January 1, 2023. Anne-Louise Lindkvist from the pension company Sampension explains that the steady pension age leads to more individuals reaching pension eligibility, a trend likely to persist as the pension age is set to remain steady until 2030. From 2019 to 2022, the pension age was gradually raised from 65 to 67, resulting in a decrease of nearly 60,000 pensioners. Additionally, more Danish seniors are working during retirement than ever before. This is partly because offsetting pension income due to wage earnings was abolished last year, making it financially advantageous to stay employed during retirement.