(Hi, thanks for reading, I'm the author).
In this case, the article uses the term pension to include "defined contributions", like in https://www.moneyhelper.org.uk/en/pensions-and-retirement/pe....
> Countries have various mechanisms to save for retirement and it’s wise to do so Could you elaborate on why is it "wise to do so"? On paper, these contributions is free money.
In practice, you don't have access until retirement and the law can change at any time. (See article for more disadvantages that are often overlooked or not mentioned.)
How can anyone forecast the economy in 40 years? It looks like people rightfully "avoid trusting the employer", but how can anyone trust the governments more than employers?