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This is about public pensions. Denmark has private pensions like the 401k system in the US. People can start tapping into these up to 5 years before they are
by tossandthrow 1y ago
This is about public pensions.
Denmark has private pensions like the 401k system in the US.
People can start tapping into these up to 5 years before they are 70.
In reality most people will go down in time and partially tap into private pensions and saving long before they turn 70.
This is opposed to other European countries, like Germany, that does not have these private pensions, but only retirement insurance.
- constantcrying 1y agoGermany has private pensions. Just as in Germany Denmark funds it's pensions through taxes, Germany additionally funds them through employee contributions.
- tossandthrow 1y agoBut these are organized as insurances, right? In Denmark you have ratepension, which truly is an investment account and not an insurance product.