Senate Approves National Save for Retirement Week Oct. 21-27, 2007

July 12, 2007

With passage of a Senate Resolution S. 240 on July 11, 2007, October 21-27, 2007 has been officially designated National Save for Retirement Week (NSFRW). Senators Kent Conrad (D-ND) and Gordon Smith (R-OR) co-sponsored the Senate resolution. The Senate’s action follows passage of H.R. 513 by the House of Representatives in June.

ICMA-RC has supported the weeklong program aimed at promoting retirement savings among U.S. employers and employees since its 2006 inaugural year. NSFRW prompted scores of local government organizations to hold savings fairs and proclaim the period as NSFRW within their jurisdictions — all aimed at underscoring the importance of saving for retirement through employer-sponsored retirement plans.

This year ICMA-RC plans to promote the week with a series of radio spots aimed at reminding state and local employees in the Washington, DC and San Francisco metro areas of the importance of retirement planning. In addition, ICMA-RC will distribute commemorative items such as pens, book bags and cups to counties and cities throughout the U.S. to use in promoting the importance of saving for retirement.