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Denmark:
Pension changes
Plans to reform the present pension system have been agreed between the government and the opposition parties and are likely to come into force in mid-1999. The normal retirement age is to be reduced from 67 to 65 for both men and women; employees who continue working to age 65 rather than opting for an early pension, will be entitled to an additional sum of DKr100,000.
The early retirement pension will continue, but will be reduced both generally for those aged 60-61, and to offset any benefits paid from employer-financed private arrangements. The service qualification period will also be extended. At present, there is a limit on the number of hours early retirees can work each week - this is being removed, but there will be an annual earnings threshold for early retirees of DKr200,000.
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