Just when it looked like California couldn't take any more of the spotlight in the national retirement scene – after a summer of pension-restricting legislation, lawsuits and more – the Golden State has gone and upped the ante.

And gone into the retirement business for the private sector, no less.

New legislation signed last week takes the financially battered and bruised state in a totally different direction, one that's been talked about at the national level (the Harkin "USA Funds" private retirement proposal, and ones like it) but never seen before in action at the state level.

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