HR 6 (LSB 1098HH (3) 85)

HOUSE RESOLUTION NO. 6

BY  MURPHY

A Resolution to preserve Social Security.

   WHEREAS, the Social Security program is an extremely successful social program that permits senior citizens in America to retire with dignity and security after a lifetime of hard work; and
   WHEREAS, many senior citizens would fall into poverty without Social Security; and
   WHEREAS, the security of private pension plans is the subject of increased uncertainty; and
   WHEREAS, job losses have rendered many Americans ineligible for an employer-based pension; and
   WHEREAS, with the decline of “defined benefit” pensions, 401(k) plans, known in the industry as “defined contribution” plans, are the most common type of pension, providing a varying and uncertain source of retirement income; and
   WHEREAS, Social Security is essential to provide a stable income supplement; and
   WHEREAS, Social Security provides needed disability and survivors benefits; and
   WHEREAS, Social Security creates a national sense of community; NOW THEREFORE,

   BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES, That the House of Representatives affirms the need to strengthen Social Security’s long-term finances for the future to ensure that it remains a reliable, guaranteed benefit for retirement, disability insurance, and survivors income.