In 1981 Galveston County Texas opted out of the Social Security Program. That’s right, they legally with the consent of the United States, developed an alternate plan and have been using it successfully for the past 30 years. Below are links to stories, including a study done by the Social Security Administrations, which compare Social Security with the Galveston Plan.
Neither of these plans are what i would call perfect, but then we live in an imperfect world. The county employees of Galveston had a choice and they made it.