A recent survey finds saving for retirement is critically important for 80% of Americans, yet only 56% are actually saving.* National Retirement Security Week is the first Congressional effort created to encourage more Americans to save for retirement. The focus of this week is to encourage the public to examine their finances to determine whether they are adequately prepared for retirement.
Citing the rising cost of retirement, average lifespan increase and healthcare concerns, Senators Gordon Smith (R-OR) and Kent Conrad (D-ND) introduced Resolution 550 in 2006 to designate the full third week of October as National Retirement Security Week.
The goal was to raise public awareness about the importance of adequate retirement savings and the availability of employer-sponsored retirement plans.
In 2016, the Senate continued their support by passing Resolution 575 to help Americans succeed in achieving and maintaining retirement security throughout their lifetimes.
As AIG turns 100, we celebrate our history of keeping promises and our commitment to making a better world. During National Retirement Security Week, our goal is to educate workers about the importance of saving, and empower them to prepare for longer lives and retirements that could last four decades or more.