The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) has been working with Congress to get a resolution passed again in 2008 for National Save for Retirement Week (October 19-25, 2008).
In follow up to the successful passage of the Resolution in 2006 and 2007, Senator Smith (R-OR), Ranking Member Senate Special Committee on Aging and Member Senate Committee on Finance, and Senator Conrad (D-ND), Chairman of the Senate Committee on the Budget and Member, Senate Committee on Finance, has joined him in introducing S. Res. 601 before adjourning for the July 4 recess. The Resolution establishes the week of October 19, 2008 as National Save for Retirement Week. Both Smith and Conrad are members of the Senate Committee on Finance and are active members on retirement and pension related matters.
The House of Representatives has also recently passed a companion resolution, H. Res. 1294, sponsored by Representatives Schwarz (D-PA) and Johnson (R-TX) that had been drafted by the Committee on Ways and Means.
Building on the positive nationwide response to Savings for Retirement Week, NAGDCA has worked closely with the Senate and House in order to ensure passage this year of the Resolution and further the goal of educating and urging employees—both public and private—to increase their savings for retirement. In addition to seeking this critical recognition from Congress, NAGDCA has also been working with the House Ways and Means Committee on an effort to create legislation authorizing a permanent Savings for Retirement month.
NAGDCA would like to thank the following NAGDCA Industry Members for their support!
AIG Retirement
American Century Investments
Arnerich Massena & Associates
Charles Schwab
CitiStreet LLC
Fidelity
Great-West Retirement Services
Hartford Life Insurance Company
ICMA-RC
ING Financial Advisers, LLC
Lord Abbet & Co.
Mercer Human Resource Consulting
Mercer Investment Consulting, Inc.
Mutual of Omaha
Nationwide Retirement Solutions
Prudential Retirement
Putnam Investments
Security Benefit Group
Segal Advisers
Segal Company
SST Benefits Consulting
T. Rowe Price
TIAA-CREF
Washington Mutual
Willett Consulting
