by Jeffrey Brown, Daily Reckoning.com:

As I have written previously, the private retirement system in the U.S. is getting better all of the time. About four-in-five full-time workers have access to a retirement plan through their employer, and nearly 80% of those with access are participating. Today’s participants are more diversified than in the past, thanks to smarter plan architecture.

But some state lawmakers refuse to let the good news shake them from their insistence that more government involvement is needed to boost retirement security. Lawmakers in states from Connecticut to Washington are considering letting the state manage the retirement funds of private sector workers.

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