Opting Out in Texas: Three Counties Leave the... [Mackinac Center for Public Policy]
I have no problem with that, because it guarantees the return. However, that's not free market - it's just better management of funds (presumably there is some level of oversight, whereas now there is virtually none). Individual investors still cannot choose a riskier or safer retirement strategy.
I'd be interested to hear the Schneed/Buster take on this.