DENMARK - Shorter saving periods and earlier retirement ages could see Danish pensioners hit by inflation, according to PKA which invests on behalf of eight occupational pension funds.
A spokesman for PKA said: "Currently the system can cope with the benefit agreements in place.
"This savings trend is not isolated to Denmark, we are seeing it all over the world."
He said the fund was looking at using surpluses to prolong pension payments, rather than raise them, due to the added complication of members living longer.
PKA found the number of members over 65 years old had more than doubled in the last ten years, with three even reaching 100.
In 1997, there were 500 members aged over 85; by 2007, there were 1500. Some 69 members were over 95 years old in 2007, compared with nine in 1997, none of which were over 100.
The spokesman said as members took on lifelong annuities there could be problems in the future: "If prices continue to increase, payment levels remain the same but people live longer, retirees may find themselves in difficulties."
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