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The General Assembly has allocated $400,000 from next years budget for the creation of the Connecticut Retirement Security Board, to be run within the State Comptrollers Office.

Companies from Texas to Virginia and Nebraska are struggling to fill positions with metropolitan jobless rates below the 5.2 percent to 5.6 percent level the Federal Reserve regards as full employment nationally.

The highest-ranking state for workplace retirement plan participation in 2012, Iowa, had only 54 percent of private employees participating in a pension or 401(k).

South Koreas biggest pension funds are cutting holdings of local debt to buy stocks in the U.S. and Europe, saying the days when the Asian nation could be counted on to outperform developed markets are in the past.

Seventy-one percent of investors surveyed, a majority, said they were go-it-alone investors.

Feeble returns on the safest investments such as bank deposits and fixed-income securities represent a financial repression transferring money from savers to borrowers, says Bill Gross, manager of the worlds biggest bond fund.

Most industry experts are looking to individual states to make the most impact, said Nancy LeaMond, AARP executive vice president.

Connecticut is one step closer to passing its Retirement for All CT bill or Senate Bill 249, which would create a public retirement option that would provide employers and workers with a low-risk alternative to plans offered by the insurance industry.