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Pension debate fails to draw young adults

As the framework for a private-sector pension alternative was approved for Canadians yesterday, some young adults in Calgary said they have been staying out of the debate.

As the framework for a private-sector pension alternative was approved for Canadians yesterday, some young adults in Calgary said they have been staying out of the debate.

This is despite the fact that those who work, like 21-year-old Andrew Laidlow, routinely pay into the Canada Pension Plan. Over the past year, Laidlow has paid more than $300 into the CPP through his part-time job, but said he’s never really questioned what the money was being put towards.

“It’s never really a topic in casual conversation,” said Laidlow, who also attends school at Mount Royal University.

“It might be the fact that it is just pilfered off the cheque. You don’t really see the money come off, it’s just a number on a cheque.”

Hardave Birk, vice-president external for the University of Calgary Students’ Union, said students like Laidlow are already preoccupied with numerous other responsibilities and pension discussions often take a backseat.

“A lot of students have enough troubles making ends meet on a week-to-week basis, they’re not thinking long term,” he said.

 
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