The government makes a moral justification of a savings plan but then when we dig down to it it's all ether and really just a scheme for bond rate arbitrage for the government.
The point isn't that might makes right is false, it's that the moral justification is a facade.
"There is no moral justification for the government setting a retirement age, but they are able to. So it doesn't matter."
There is a minimum age to collect old age benefits from the government. The justification for that should be obvious.
The justification is to force people to work until they are too old to do so. Then steal whatever they have left with medical bills and price hikes on necessities.
To make an overly dramatic analogy, if you were kidnapped and asked why the kidnapper was able to hold you against your will, the answer is because they've chained you up and they have the gun, and so on. That's literally the answer to why. The fact that what they're doing is morally wrong is completely irrelevant.