NYTimes.com: On Texas' Coast, a Laboratory for Private Accounts

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WASHINGTON | March 18, 2005

On Texas' Coast, a Laboratory for Private Accounts
By SIMON ROMERO

In 1981, officials in Galveston, Tex., opted out of Social Security and chose to plunge its local government into the unknown territory of private retirement accounts.

http://www.nytimes.com/2005/03/18/politics/18texas.html?ex=1111813200&en=db53a592066e4beb&ei=5070

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