IV 
110TH CONGRESS 
2D SESSION 
H. RES. 1294 
Supporting the goals and ideals of National Save for Retirement Week. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 23, 2008 
Ms. SCHWARTZ (for herself and Mr. SAM JOHNSON of Texas) submitted the 
following resolution; which was referred to the Committee on Ways and Means 
RESOLUTION 
Supporting the goals and ideals of National Save for 
Retirement Week. 
Whereas Americans are living longer and the cost of retire-
ment continues to rise, in part because the number of 
employers providing retiree health coverage continues to 
decline, and retiree health care costs continue to increase 
at a rapid pace; 
Whereas Social Security remains the bedrock of retirement 
income for the great majority of the people of the United 
States, but was never intended by Congress to be the sole 
source of retirement income for families; 
Whereas recent data from the Employee Benefit Research In-
stitute indicates that, in the United States, less than 2⁄3 
of workers or their spouses are currently saving for re-
tirement and that the actual amount of retirement sav-
VerDate Aug 31 2005 
00:54 Jun 24, 2008
Jkt 069200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6300
E:\BILLS\HR1294.IH
HR1294
jbell on PROD1PC69 with BILLS
•HRES 1294 IH 
ings of workers lags far behind the amount that will be 
needed to adequately fund their retirement years; 
Whereas many workers may not be aware of their options for 
saving for retirement or may not have focused on the im-
portance of, and need for, saving for their own retire-
ment; 
Whereas many employees have available to them through 
their employers access to defined benefit and defined con-
tribution plans to assist them in preparing for retire-
ment, yet many of them may not be taking advantage of 
employer-sponsored defined contribution plans at all or to 
the full extent allowed by the plans as prescribed by Fed-
eral law; 
Whereas all workers, including public- and private-sector em-
ployees, employees of tax-exempt organizations, and self- 
employed individuals, can benefit from increased aware-
ness of the need to save adequate funds for retirement 
and the availability of tax-preferred savings vehicles to 
assist them in saving for retirement; and 
Whereas October 19 through October 25, 2008, has been des-
ignated as ‘‘National Save for Retirement Week’’: Now, 
therefore, be it 
Resolved, That the House of Representatives— 
(1) supports the goals and ideals of National 
Save for Retirement Week, including raising public 
awareness of the various tax-preferred retirement ve-
hicles; 
(2) supports the need to raise public awareness 
of efficiently utilizing substantial tax revenues that 
VerDate Aug 31 2005 
00:54 Jun 24, 2008
Jkt 069200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\HR1294.IH
HR1294
jbell on PROD1PC69 with BILLS
•HRES 1294 IH 
currently subsidize retirement savings, revenues in 
excess of $170,000,000,000 for the 2007 Fiscal 
Year Budget; 
(3) supports the need to raise public awareness 
of the importance to save adequately for retirement 
and the availability of tax-preferred employer-spon-
sored retirement savings vehicles; and 
(4) calls on the States, localities, schools, uni-
versities, nonprofit organizations, businesses, other 
entities, and the people of the United States to ob-
serve this week with appropriate programs and ac-
tivities with the goal of increasing the retirement 
savings for all the people of the United States. 
Æ 
VerDate Aug 31 2005 
00:54 Jun 24, 2008
Jkt 069200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\HR1294.IH
HR1294
jbell on PROD1PC69 with BILLS