More Plan to Work Beyond Pension Age

In Denmark, more retirees continue working while receiving pensions, with future retirees considering the same. Danica’s data shows a decline from 60% to 51% in customers aiming to retire before statutory age within two years. Financial incentives for working pensioners and the trend toward reduced working hours may explain this change, says senior economist Mads Moberg Reumert. A shift in mentality valuing work and reflecting high employment also plays a role, he says. Although expectations of working longer influence pension savings strategies, past trends show people often work longer than initially expected, extending saving timelines and reducing the monthly saving requirement.