The biggest U.S. public pension fund would be in charge of individual retirement accounts, best known as IRAs, for private-sector employees under a bill unveiled on Tuesday by California Gov. Arnold Schwarzenegger and a top state lawmaker.

Fine print in the new Pension Protection Act passed last year is now coming to light. Much of what we heard is laced with new requirements, and many workers are going to get caught in a web of confusion if they relay on the basic new rules outlined by the press.

Nearly half (48 percent) of all non-retired adult Americans expect to retire with a pension, according to a new poll conducted by Harris Interactive for the American Institute of Certified Public Accountants (AICPA).