This website has been translated from Danish to English by using artificial intelligence (AI).

We strive to ensure the accuracy of these translations, but we cannot guarantee they are 100% accurate as legal jargon and idioms are not easily translated.

By using this service, I acknowledge that there may be misunderstandings due to this inaccuracy. For accurate information, we recommend that you use the Danish version of the website. If you have any questions or need assistance, please feel free to contact us.

Withdrawal

System upgrades are scheduled during the following times:

Start: 26-09-2023 - 22:00
End: 27-09-2023 - 03:00

Membership purchases and services will be unavailable during that period.

OK

Consequences of retirement reform

Here you can read about the retirement reform. 

Overview - consequences of the retirement reform

Members born before January 1, 1954 are not affected by the reform. Members born before July 1, 1956 are no longer eligible for early retirement. See the table below.

 

 

Date of birth within range

Minimum age for transition to early retirement

Folk
retirement age

Early retirement for how long?

Percentage for pension offset in deposit value/lifetime + loss of basic deduction

Percentage for pension offset in current payments
payments

Early retirement rate [i]

Tax-free premium [ii]

July 1, 1956 - Dec 31, 1958

63 years old

67 years old

4 years

80% of total and no basic deduction

64 %

91%, if transition before 64th birthday otherwise 100%

Deferred transition for at least 1 year and had 1,560

January 1 - June 30, 1959

63 ½ years

67 years old

3 ½ years

80% of total and no basic deduction

64 %

91%, if transition before 64th birthday otherwise 100%

Deferred transition for at least ½ year and had 780

July 1, 1959 - Dec 31, 1962

64 years old

67 years old

3 years

80% of total and no basic deduction

64 %

100 %

Earn entitlement from first day with certificate without early retirement plus on early retirement, if earliest early retirement 2 years after ef certificate + 3,120 hours

Jan 1, 1963 - Dec 31, 1966

65 years old*

68 years old

3 years

80% of total and no basic deduction

64 %

100 %

Earn entitlement from first day with certificate without early retirement plus on early retirement, if earliest early retirement 2 years after ef certificate + 3,120 hours

Jan 1, 1967 - Dec 31, 1970

66 years old*

69 years old

3 years

80% of total and no basic deduction

64 %

100 %

Earn entitlement from first day with certificate without early retirement plus on early retirement, if earliest early retirement 2 years after ef certificate + 3,120 hours

Jan 1, 1971 or later

66 years **

69 years *

3 years

80% of total and no basic deduction

64 %

100 %

Earn entitlement from first day with certificate without early retirement plus on early retirement, if earliest early retirement 2 years after ef certificate + 3,120 hours

** With the already noted extension of the average life expectancy of Danes, the early retirement age will be 67 years if you were born after July 1, 1955 and 68 years if you were born after January 1, 1963.

*The age will be increased if the average life expectancy of Danes is increased by at least 0.6 years for the first time with effect from 2027. This was agreed in the Welfare Agreement in 2006.


[The 91% and 100% rates assume that you have earned enough to qualify for these rates, i.e. a calculation basis that entitles you to the rates.

[ii] A tax-free premium is earned for every 481 hours of paid work. The premium in 2024 is DKK 14,658 if you are fully insured and DKK 9,773 if you are part-time insured. You can earn a maximum of 12 premiums.