IV 
111TH CONGRESS 
2D SESSION 
H. RES. 1481 
Supporting the goals and ideals of ‘‘National Save for Retirement Week’’, 
including raising public awareness of the various tax-preferred retirement 
vehicles and increasing personal financial literacy. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 28, 2010 
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 Retire-
ment Week’’, including raising public awareness of the 
various tax-preferred retirement vehicles and increasing 
personal financial literacy. 
Whereas people in the United States are living longer, and 
the cost of retirement is increasing significantly; 
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-
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•HRES 1481 IH 
ings of workers lags far behind the amount that will be 
needed to adequately fund their retirement years; 
Whereas financial literacy is an important factor in United 
States workers’ understanding of the true need to save 
for retirement; 
Whereas saving for one’s retirement is a key component to 
overall financial health and security during retirement 
years, and the importance of financial literacy in plan-
ning one’s retirement must be advocated; 
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 
such plans at all or to the full extent allowed by such 
plans as prescribed by Federal law; 
Whereas the need to save for retirement is important even 
during economic downturns or market declines, making 
continued contributions all the more important; 
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 develop personal budgets and finan-
cial plans including retirement savings strategies and to 
take advantage of the availability of tax-preferred savings 
vehicles to assist them in saving for retirement; and 
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•HRES 1481 IH 
Whereas October 17 through October 23, 2010, 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 as important tools for personal savings and re-
tirement financial security; 
(2) supports the need to raise public awareness 
of the availability of a variety of ways to save for re-
tirement which are favored under the Internal Rev-
enue Code of 1986 and are utilized by many Ameri-
cans but which should be utilized by more; 
(3) supports the need to raise public awareness 
of the importance of saving adequately for retire-
ment, and the continued existence of tax preferred 
employer-sponsored 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 retirement savings 
for all the people of the United States. 
Æ 
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