,,iii  #aac? ,,congress  #a/ ,session   
,s4 ,,con4 ,,res4 #ab  ,,9 ,,! ,,s5ate  
,,( ,,! ,,unit$ ,,/ates  ,april #aj1    
#bjac ,mr4 ,isakson 7= himself1 ,mr4    
,murphy1 ,mr4 ,blum5?al1 ,mr4 ,portman1 
,mr4 ,te/]1 ,mr4 ,c>d91 ,mr4 ,boozman1 &
 ,mrs4 ,hagan7 submitt$ ! foll[+        
concurr5t resolution2 :i* 0 ref]r$ to ! 
,committee on ,f9ance  ,,concurr5t      
,,resolution  ,express+ ! s5se ( !      
,congress t our curr5t tax inc5tives =  
retirem5t sav+s provide important       
b5efits to ,am]icans to help plan = a   
f9ancially secure retirem5t4  ,:]eas    
private retirem5t plans 9 ! ,unit$      
,/ates paid out ov] #c1hbd1jjj1jjj1jjj 9
 b5efits f #bjjj ?r\gh #bjji1 :ile      
public sector retirem5t plans paid out  
#b1fea1jjj1jjj1jjj dur+ ! same p]iod1 ) 
bo? play+ an ess5tial role 9 provid+    
retirem5t income = millions ( our       
,nation's s5ior citiz5s2 ,:]eas !re are 
approximately #fgj1jjj private-sector   
def9$ contribution plans t are curr5tly 
cov]+ #fg1jjj1jjj p>ticipants1 & ov]    

#dh1jjj private-sector def9$ b5efit     
plans cov]+ #dd1jjj1jjj p>ticipants2    
,:]eas #d1gjj1jjj1jjj1jjj is held 9     
#dja7k71 #djc7;b71 #deg & simil> def9$  
contribution plans1 #b1cjj1jjj1jjj1jjj  
is held 9 private def9$ b5efit plans1 & 
ano!r #d1ijj1jjj1jjj1jjj is held 9      
,individual ,retirem5t ,acc\nts1 l>gely 
consi/+ ( funds roll$ ov] f employ]-bas$
 retirem5t plans2 ,:]eas f #bjjj ?r\gh  
#bjji1 employ]s h contribut$ almo/      
#c1ejj1jjj1jjj1jjj to public & private  
retirem5t plans2 ,:]eas tax inc5tives   
are an important impetus = individuals  
to save = retirem5t & = employ]s to (f] 
plans "u our volunt>y sy/em2 ,:]eas     
g5]ally1 ! taxation ( am\nts contribut$ 
to p5sion & retirem5t plans is simply   
def]r$1 n lo/2 ,:]eas m ?an #gj p]c5t ( 
,am]ican work]s mak+ betwe5 #cj1jjj &   
#ej1jjj a ye> contribute to _! own      
retirem5t :5 cov]$ by a retirem5t plan  
at "w2 ,:]eas "u curr5t law1 if bus9ess 
own]s & manag]s sponsor a retirem5t     
plan1 !y also mu/ cov] & provide b5efits

 to l[]-income & middle-income          
employees2 ,:]eas #dja7k7 & simil> def9$
 contribution plans h be5 enhanc$ ov] ! 
ye>s by ,congress on a bip>tisan basis2 
,:]eas ! private retirem5t sy/em 9 !    
,unit$ ,/ates is volunt>y & is dep5d5t  
on ! will+ness ( bus9ess own]s &        
corporations to adopt & ma9ta9 retirem5t
 plans2 & ,:]eas ! ,unit$ ,/ates sy/em (
 employ]-bas$ retirem5t sav+s is design$
 to "w toge!r ) o!r p]sonal sav+s & !   
,social ,security program to provide    
mean+ful income replacem5t ^u retirem5t3
 ,n[1 !re=e1 be x  ,t x is ! s5se ( !   
,congress t--  7#a7 tax inc5tives =     
retirem5t sav+s play an important role 9
 enc\rag+ employ]s to sponsor & ma9ta9  
retirem5t plans & enc\rag+ p>ticipants  
to contribute to su* plans2  7#b7 exi/+ 
tax inc5tives h increas$ ! numb] (      
,am]icans :o are cov]$ by a retirem5t   
plan2 &  7#c7 a re=m$ & simplifi$ ,f$]al
 tax code %\ld include prop]ly /ructur$ 
tax inc5tives to ma9ta9 & contribute to 
su* plans & to /r5g!n retirem5t security

 = all ,am]icans4