Comment by cryptonector

No, it's a total loss for the citizen because even if they can use that money for "(retirement, medical, housing)" the interest paid is much too low.

Forced savings programs aren't actually "savings" for the people on whom the programs are forced!! "Forced savings" is a euphemism for "we're taking your money and calling it savings based on the idea that we're going to invest it well, though you won't see much of any gains, and there might not be any gains to speak of".