This seems to be the argument for “defined benefit” (pension) vs “defined contribution” (401k) to use the us as an example. In the latter case, it’s cash under the workers control and it’s usually wise to contribute enough to pick up the full match. Countries have various mechanisms to save for retirement and it’s wise to do so, while keeping an eye on how taxes will be deferred or avoided with each mechanism.
This avoids trusting the employer.