Interesting story about states trying private accounts

If you are at all concerned about the current social security debate over private accounts, this article at the link below is an interesting read. It discusses how several states have tried some form of private accounts in their pension plans and their results have apparently been less than stellar, especially concerning the number of people who have opted into the program. Its not the same thing, but raises some interesting questions about private accounts.

Read about it here:
http://story.news.yahoo.com/news?tmpl=story&cid=2026&ncid=716&e=28&u=/latimests/20050222/ts_latimes/statesprivatepensionsmakeaweakshowing