While more than half of the states in the Union are considering legislation to address retirement savings shortfalls, the most aggressive initiatives to date have been passed by decidedly "blue" states.
California, Illinois, Connecticut, Maryland, and Oregon have passed legislation that mandates participation in state-sponsored and administered individual retirement accounts for employees of businesses that don't sponsor a retirement plan.
Those plans, which create mandates for participation that include businesses with as few as five employees, are modeled from a policy proposal with conservative roots that was embraced by Republican presidential candidate Sen. John McCain, R- AZ, in 2008.
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