Folkepensionen
Folkepensionen is the Danish state pension system. It is a universal pension scheme that provides a basic retirement income for all Danish citizens who meet certain residency requirements. The system is funded through general taxation. Eligibility for Folkepensionen is primarily based on age and residency. To receive the full pension, individuals generally need to have been residents in Denmark for at least 40 years between the ages of 15 and retirement age. Shorter residency periods result in a reduced pension amount.
The pension is composed of two parts: a basic pension and a pension supplement. The basic pension