NAGDCA Celebrates National Save for Retirement Week, October 18-24, 2009

October 19, 2009

(Lexington, KY) – The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) is celebrating National Save for Retirement Week this week, October 18-24.   NAGDCA has received support from Congress through formal Resolutions that passed the House (H.Res. 662) and the Senate (S. Res 234).   This congressionally endorsed, national event formally calls on employers to promote the benefits of saving for retirement, and to encourage their employees to take full advantage of employer-sponsored plans.  This week NAGDCA members across the United States are holding retirement fairs/seminars, sending out educational flyers, and providing key information to employees as they evaluate their financial situation and their plans for retirement. 

“NAGDCA is pleased to have the support of Congress on the National Save for Retirement Week Resolution over the past several years as well as the support from many other organizations that are joining us this week as we work to educate and urge employees-both public and private-to increase their savings for retirement.  We understand that we are facing tough economic times and the NAGDCA membership is dedicated to helping their plan participants meet their financial needs not only today but in retirement,” stated Ed Lilly, NAGDCA President.

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.

Please visit www.nagdca.org to follow developing news on the National Save for Retirement Week. 

NAGDCA is the country's leading organization of defined contribution retirement plan administrators and financial service providers.  It represents nearly every state deferred compensation plan, as well as numerous other governmental and public sector defined contribution plans, and over 150 companies in the financial services industry.  Its mission is to focus on retirement planning for public sector employees participating in 457(b), 403(b), 401(a) and 401(k) retirement plans. 

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