"The American Council of Life Insurers and nine other business and financial groups have formed a new coalition seeking to block the state of Oregon's efforts to create a state-managed retirement savings plan for people who do not have access to a pension, 401(k) or Individual Retirement Account through their employer.... The coalition opposes the legislation because they worry it could force the state's employers to follow [ERISA] and subject them to the fiscal liabilities contained in this law. They also think the state should encourage employers to take part in the private retirement savings plan marketplace ... on a voluntary basis instead of forcing them to take part in a government-managed plan."  MORE >>