,,iii  #aacth ,,congress  #ast ,session 
,s4 ,,con4 ,,res4 #ab  ,,in ,,the       
,,senate ,,of ,,the ,,united ,,states   
,april #aj1 #bjac ,mr4 ,isakson 7for    
himself1 ,mr4 ,murphy1 ,mr4 ,blumenthal1
 ,mr4 ,portman1 ,mr4 ,tester1 ,mr4      
,cardin1 ,mr4 ,boozman1 and ,mrs4       
,hagan7 submitted the following         
concurrent resolution2 which was        
referred to the ,committee on ,finance  
,,concurrent ,,resolution  ,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 retirement4  ,whereas
 private retirement plans in the ,united
 ,states paid out over                  
#c1hbd1jjj1jjj1jjj in benefits from     
#bjjj through #bjji1 while public sector
 retirement plans paid out              
#b1fea1jjj1jjj1jjj during the same      
period1 with both playing an essential  
role in providing retirement income for 
millions of our ,nation's senior        

citizens2 ,whereas there are            
approximately #fgj1jjj private-sector   
defined contribution plans that are     
currently covering #fg1jjj1jjj          
participants1 and over #dh1jjj          
private-sector defined benefit plans    
covering #dd1jjj1jjj participants2      
,whereas #d1gjj1jjj1jjj1jjj is held in  
#dja7k71 #djc7;b71 #deg and similar     
defined contribution plans1             
#b1cjj1jjj1jjj1jjj is held in private   
defined benefit plans1 and another      
#d1ijj1jjj1jjj1jjj is held in           
,individual ,retirement ,accounts1      
largely consisting of funds rolled over 
from employer-based retirement plans2   
,whereas from #bjjj through #bjji1      
employers have contributed almost       
#c1ejj1jjj1jjj1jjj to public and private
 retirement plans2 ,whereas tax         
incentives are an important impetus for 
individuals to save for retirement and  
for employers to offer plans under our  
voluntary system2 ,whereas generally1   
the taxation of amounts contributed to  

pension and retirement plans is simply  
deferred1 not lost2 ,whereas more than  
#gj percent of ,american workers making 
between #cj1jjj and #ej1jjj a year      
contribute to their own retirement when 
covered by a retirement plan at work2   
,whereas under current law1 if business 
owners and managers sponsor a retirement
 plan1 they also must cover and provide 
benefits to lower-income and            
middle-income employees2 ,whereas       
#dja7k7 and similar defined contribution
 plans have been enhanced over the years
 by ,congress on a bipartisan basis2    
,whereas the private retirement system  
in the ,united ,states is voluntary and 
is dependent on the willingness of      
business owners and corporations to     
adopt and maintain retirement plans2 and
 ,whereas the ,united ,states system of 
employer-based retirement savings is    
designed to work together with other    
personal savings and the ,social        
,security program to provide meaningful 
income replacement upon retirement3     

,now1 therefore1 be it  ,that it is the 
sense of the ,congress that--  7#a7 tax 
incentives for retirement savings play  
an important role in encouraging        
employers to sponsor and maintain       
retirement plans and encouraging        
participants to contribute to such      
plans2  7#b7 existing tax incentives    
have increased the number of ,americans 
who are covered by a retirement plan2   
and  7#c7 a reformed and simplified     
,federal tax code should include        
properly structured tax incentives to   
maintain and contribute to such plans   
and to strengthen retirement security   
for all ,americans4