Why sequential scan with index present?

A table is created with an index on a column, but the select does a
sequential scan anyway.  Why?

Thanks.

-- Michael


CREATE TABLE "tblRTContractDays"(
 id SERIAL PRIMARY KEY
 , symbol_id INTEGER NOT NULL
 , on_date DATE NOT NULL
)
;

CREATE INDEX "tblRTContractDays_on_date_indx"
 ON "tblRTContractDays"(on_date);

INSERT INTO "tblRTContractDays"(symbol_id, on_date) VALUES (1,
CURRENT_DATE);
INSERT INTO "tblRTContractDays"(symbol_id, on_date) VALUES (1,
CURRENT_DATE - CAST('1 day' AS INTERVAL));
INSERT INTO "tblRTContractDays"(symbol_id, on_date) VALUES (1,
CURRENT_DATE - CAST('2 day' AS INTERVAL));

EXPLAIN SELECT symbol_id, on_date FROM "tblRTContractDays" WHERE on_date
< CURRENT_DATE;

DROP TABLE "tblRTContractDays";

DROP SEQUENCE "tblRTContractDays_id_seq";