UK - Graduates are shunning local government pension schemes because they are weighed down by student debt, public service union Unison claims.
And it wants government action to reverse the trend.
West Midlands Metropolitan Authorities Pension Fund chief pensions administration officer Mike Woodall agreed that something needed to be done about the problem.
He said: “Graduates have immediate financial pressures from tax, National Insurance and their student loans.
“Pensions can be deferred to the future – and they exercise their rights to do so.”
He said the only way of ensuring that graduates took up a pension was to make them compulsory, or otherwise raise grants for students.
West Midlands Metropolitan Authorities has just conducted a marketing initiative to try to encourage the take-up of pensions among graduates.
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