Average retirement age for Danish academics on the rise

Danish academics are increasingly choosing to work later in life, according to research from AkademikerPension, which found that the average retirement age had increased by two years over the past 12 years.

The research also showed that in 2018, members on average received their first pension payment when they were 66.09 years old, compared to 66.61 years old in 2020, although the state pension age was 66 in 2018 and 66.5 years in 2020.

AkademikerPension member manager, Vibeke Thinggaard Aagaard, suggested that the trend to work longer may be a result of academics identifying with their work, noting that there is also a political desire for more people to stay in the labour market for a longer time.

“At the same time, we hear from several members that they find it more confusing to have to go from being active in the labour market to life as a pensioner,” she added.

Thinggaard Aagaard also suggested that it makes sense for academics to work a few extra years, perhaps part-time as a partial pensioner, as many are healthy and have a long life expectancy.

“You can end up retiring as long as you are in the job market. Academics live longer than average. If you want to have enough for a long life, it is important that you have enough money, ” she said.

    Share Story:

Recent Stories

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.