Denmark

Basic country data

  • Population 60 and over (2018)
  • 1,471,406
  • % of total
  • 25.6%
  • Population 60 and over (2050)
  • 1,894,273
  • % of total
  • 32.9%
  • Does the country have a social pension?
  • Yes
  • Region
  • Europe & Central Asia
  • Income group
  • High income

Data on social pensions

Folkepension (national pension)

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Folkepension (national pension)
  • Year first social pension introduced
  • 1891
  • Legislative Underpinning
  • Consolidated Act on Social Pensions (2010)

Eligibility criteria

2013

Government of Denmark: Old Age Pension (Webpage) (Danish)

Adequacy

  • Monthly benefit (local currency)
  • 5,997 Danish Kroner
  • US$
  • 862
  • % of GDP per capita
  • 20.8%
  • $ PPP
  • 786.5
  • % of $1.90 poverty line (PPP)
  • 1,361%
  • Local amount detailed/other benefits
  • 5997 per month is the basic transfer amount for a single or married person. This does not include the pension supplement which is 6261 for a single person or 3043 for a married person. The basic amount is not affected by personal or occupational pensions. It is however reduced if you earn of 305700 per year from your own business or 539600 from employment. The pension supplement is reduced if you earn over 67500 a year as a single person or 135400 as a married person. You do not receive the supplement if your income exceeds 310700 as a single person or 363700 as a married person (excluding the first 30000). The pension is taxable.
  • References and notes

Coverage

Cost

Resources on the pension in Denmark

Social pensions database

Explore the Social pensions database

Calculator

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