No matter how much you try, you cannot hold the golden time in your life. Requirements and financial stability change at the time and one needs to be well-prepared for the future need keeping in mind the present.
A pension plan is a way to secure the financial stability after retirement. Pension plans maintained by the employers will ensure an individual protection from any uncertainty that may arise in post-retirement life.
We need to realise pension plans are as important to make life easier as taking care of vehicle, property, assets, and health. One may find it a boring task at a young age to invest in such a long-term policy, but, after retirement, an individual will get the benefit of all the small funds that he/she invested in the pension policy at a grand level.