Denmark

Region

Denmark has a social pension.

Older people demographics

  • 1.6 m

    Population aged 60+

    Total number of persons aged 60 years and older in the country/territory

  • 26.7 %

    Percentage of total population aged 60+

    Percentage of the total population that is aged 60 years and older

  • 31.4 %

    Percentage of total population aged 60+ in 2050

    Percentage of the total population projected to be aged 60 years and older in 2050

Pension coverage

  • 68.9 %

    Total coverage of pension system

    Percentage of people aged 60 years and older who receive any old age pension (all types)

  • No data

    Contributory pension coverage

    Percentage of people aged 60 years and older who receive a contributory old age pension

  • No data

    Social pension coverage

    Percentage of people aged 60 years and older who receive a tax-financed old age social pension

How is the social pension designed?

Scheme Old age pension
Social pension name in local language Folkepension
Type Universal or near-universal
Eligibility age 67 for men and women
Monthly transfer amount in local currency: 7,544 Danish Krone
Monthly transfer amount as a percentage of per capita GDP: 18.49%
Monthly transfer amount as a percentage of relevant World Bank poverty line: 134.0%