IV 
110TH CONGRESS 
1ST SESSION 
H. RES. 507 
Supporting the goals and ideals of National Save for Retirement Week. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 20, 2007 
Ms. SCHWARTZ (for herself and Mr. SAM JOHNSON of Texas) submitted the 
following resolution; which was referred to the Committee on Financial 
Services 
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-
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•HRES 507 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 21 through October 27, 2007, 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 importance to save adequately for 
their retirement and the availability of employer- 
sponsored retirement savings vehicles; and 
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•HRES 507 IH 
(2) 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 
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