IV 
112TH CONGRESS 
2D SESSION 
H. CON. RES. 101 
Expressing the sense of the Congress that our current tax incentives for 
retirement savings provide important benefits to Americans to help plan 
for a financially secure retirement. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 16, 2012 
Mr. GERLACH (for himself, Mr. NEAL, Mr. BUCHANAN, Mrs. BIGGERT, Mr. 
SAM JOHNSON of Texas, Mr. ROYCE, Mr. PAUL, Mr. SCHOCK, Mr. 
PLATTS, Mr. HERGER, Mr. TIBERI, Mr. BILBRAY, Mr. PAULSEN, Ms. 
JENKINS, Mr. WALBERG, Mr. WESTMORELAND, Mr. JONES, Mr. 
HUIZENGA of Michigan, Mr. LOBIONDO, Mr. FITZPATRICK, Mr. TURNER 
of Ohio, Mr. GARY G. MILLER of California, Mr. STIVERS, Mr. BISHOP 
of Utah, Mr. PITTS, Mr. WILSON of South Carolina, Mrs. BLACK, Mr. 
LATHAM, Mr. GUINTA, Mr. AUSTRIA, Mr. KING of Iowa, Mr. NUNES, Mr. 
CHAFFETZ, Mr. MURPHY of Connecticut, Mr. REICHERT, Mr. DAVIS of 
Kentucky, Mr. MARCHANT, Mr. GUTHRIE, Mr. LUETKEMEYER, Mr. 
TERRY, Mr. NEUGEBAUER, Mr. LEWIS of California, Mrs. CAPITO, Mr. 
CHABOT, Mr. MEEHAN, Mr. BOUSTANY, Mr. THOMPSON of Pennsylvania, 
Mr. PRICE of Georgia, Mr. DENT, Mr. MCCOTTER, Mr. BASS of New 
Hampshire, Mr. MILLER of Florida, Mr. DUNCAN of South Carolina, Mr. 
STUTZMAN, Mr. AKIN, Mr. LATTA, Mr. SCOTT of South Carolina, Mr. 
MCKEON, Ms. BERKLEY, Mr. LARSON of Connecticut, Mr. RANGEL, Mr. 
LEWIS of Georgia, Mr. KIND, Mr. CICILLINE, Mr. LANGEVIN, Mr. 
WELCH, Mr. MICHAUD, Mr. STARK, Mr. PASCRELL, Mr. MORAN, Mrs. 
MCCARTHY of New York, Ms. SCHWARTZ, Mr. YARMUTH, Ms. PINGREE 
of Maine, Mr. HEINRICH, Mr. HOLT, Mr. FILNER, Mr. CARSON of Indi-
ana, Mr. ANDREWS, Mr. MATHESON, Mr. COURTNEY, Mr. LOEBSACK, 
Mrs. MALONEY, Mr. MCDERMOTT, Mr. MCGOVERN, Mr. BISHOP of New 
York, Mr. THOMPSON of California, Mr. BOSWELL, Mr. CAPUANO, Mr. 
HOLDEN, Ms. SPEIER, Mr. KEATING, Mr. BACA, Mr. BECERRA, Mr. 
LYNCH, Ms. WOOLSEY, Ms. LORETTA SANCHEZ of California, Mr. 
BRALEY of Iowa, Ms. MATSUI, Mr. PERLMUTTER, Mr. PAYNE, Ms. 
MOORE, Mr. KILDEE, Mr. ALTMIRE, Mr. FRANK of Massachusetts, Mr. 
CRITZ, and Mr. MARKEY) submitted the following concurrent resolution; 
which was referred to the Committee on Ways and Means 
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•HCON 101 IH 
CONCURRENT RESOLUTION 
Expressing the sense of the Congress that our current tax 
incentives for retirement savings provide important bene-
fits to Americans to help plan for a financially secure 
retirement. 
Whereas the United States private retirement plan system 
paid out over $3.824 trillion in benefits from 2000 
through 2009—and United States public sector plans 
paid out $2.651 trillion during the same period, both 
playing an essential role in providing retirement income 
for millions of our Nation’s seniors; 
Whereas there are approximately 670,000 private-sector de-
fined contribution plans covering 67,000,000 participants 
and over 48,000 private-sector defined benefit plans cov-
ering 19,000,000 participants; 
Whereas $4.7 trillion is held in 401(k), 403(b), 457 and simi-
lar defined contribution plans, $2.3 trillion is held in pri-
vate defined benefit plans, and another $4.9 trillion is 
held in Individual Retirement Accounts, largely consisting 
of funds rolled over from employer-based retirement 
plans; 
Whereas during 2000 through 2009, employers have contrib-
uted almost $3.5 trillion to public and private retirement 
plans; 
Whereas tax incentives are an important impetus for individ-
uals to save for retirement and employers to offer plans 
in our voluntary system; 
Whereas generally, the taxation of amounts contributed to 
pension and retirement plans is simply deferred, not lost; 
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•HCON 101 IH 
Whereas more than 70 percent of American workers making 
between $30,000 and $50,000 contribute when covered 
by a retirement plan at work; 
Whereas under current law, if business owners and managers 
sponsor a retirement plan, they also must cover and pro-
vide benefits to lower- and middle-income employees; 
Whereas 401(k) and similar defined contribution plans have 
been enhanced over the years by Congress on a bipar-
tisan basis; 
Whereas the private United States retirement system is vol-
untary and is dependent on the willingness of business 
owners and corporations to adopt and maintain a plan; 
and 
Whereas the United States system of employer-based retire-
ment savings is designed to work together with other per-
sonal savings and Social Security to provide meaningful 
income replacement upon retirement: Now, therefore, be 
it 
Resolved by the House of Representatives (the Senate 
concurring), That it is the sense of the Congress that— 
(1) tax incentives for retirement savings play an 
important role in encouraging employers to sponsor 
and maintain retirement plans and encouraging par-
ticipants to contribute to such plans; 
(2) existing tax incentives have increased the 
number of Americans who are covered by a retire-
ment plan; and 
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•HCON 101 IH 
(3) a reformed and simplified Tax Code should 
include properly structured tax incentives to main-
tain and contribute to such plans and to strengthen 
retirement security for all Americans. 
Æ 
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