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Title 29 — LaborRelease 119-73

§1146 Outreach to promote retirement income savings

Title 29 › Chapter CHAPTER 18— - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM › Subchapter SUBCHAPTER I— - PROTECTION OF EMPLOYEE BENEFIT RIGHTS › Subtitle Subtitle B— - Regulatory Provisions › Part part 5— - administration and enforcement › § 1146

Last updated Apr 6, 2026|Official source

Summary

The Secretary must keep a public outreach program going to help people save for retirement. The program must use clear ways to reach people, like public service announcements, meetings, easy-to-read educational materials, and a website. It must explain the different ways individuals and employers (including small employers) can save for retirement and give simple information on topics such as types of retirement savings, compound interest, why starting early matters, basic savings rules, being careful and diversifying investments, timing, and risks like outliving your savings. The Secretary must run a permanent website with at least a retirement-need calculator (based on a retirement goal as a percent of pre-retirement income); plain descriptions of common saving plans, limits, tax rules, and likely growth; employer guides and setup steps; copies of all federal educational materials; and links to other government and nonprofit resources. The Secretary must also work with other public and private groups on these outreach efforts.

Full Legal Text

Title 29, §1146

Labor — Source: USLM XML via OLRC

(a)The Secretary shall maintain an ongoing program of outreach to the public designed to effectively promote retirement income savings by the public.
(b)The Secretary shall carry out the requirements of subsection (a) by means which shall ensure effective communication to the public, including publication of public service announcements, public meetings, creation of educational materials, and establishment of a site on the Internet.
(c)The information to be made available by the Secretary as part of the program of outreach required under subsection (a) shall include the following:
(1)a description of the vehicles currently available to individuals and employers for creating and maintaining retirement income savings, specifically including information explaining to employers, in simple terms, the characteristics and operation of the different retirement savings vehicles, including the steps to establish each such vehicle; and
(2)information regarding matters relevant to establishing retirement income savings, such as—
(A)the forms of retirement income savings;
(B)the concept of compound interest;
(C)the importance of commencing savings early in life;
(D)savings principles;
(E)the importance of prudence and diversification in investing;
(F)the importance of the timing of investments; and
(G)the impact on retirement savings of life’s uncertainties, such as living beyond one’s life expectancy.
(d)The Secretary shall establish a permanent site on the Internet concerning retirement income savings. The site shall contain at least the following information:
(1)a means for individuals to calculate their estimated retirement savings needs, based on their retirement income goal as a percentage of their preretirement income;
(2)a description in simple terms of the common types of retirement income savings arrangements available to both individuals and employers (specifically including small employers), including information on the amount of money that can be placed into a given vehicle, the tax treatment of the money, the amount of accumulation possible through different typical investment options and interest rate projections, and a directory of resources of more descriptive information;
(3)materials explaining to employers in simple terms, the characteristics and operation of the different retirement savings arrangements for their workers and what the basic legal requirements are under this chapter and title 26, including the steps to establish each such arrangement;
(4)copies of all educational materials developed by the Department of Labor, and by other Federal agencies in consultation with such Department, to promote retirement income savings by workers and employers; and
(5)links to other sites maintained on the Internet by governmental agencies and nonprofit organizations that provide additional detail on retirement income savings arrangements and related topics on savings or investing.
(e)The Secretary shall coordinate the outreach program under this section with similar efforts undertaken by other public and private entities.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in subsec. (d)(3), was in the original “this Act”, meaning Pub. L. 93–406, known as the Employee Retirement Income Security Act of 1974. Titles I, III, and IV of such Act are classified principally to this chapter. For complete classification of this Act to the Code, see

Short Title

note set out under section 1001 of this title and Tables.

Statutory Notes and Related Subsidiaries

Findings and Purpose Pub. L. 105–92, § 2, Nov. 19, 1997, 111 Stat. 2139, provided that: “(a) Findings.—The Congress finds as follows:“(1) The impending retirement of the baby boom generation will severely strain our already overburdened entitlement system, necessitating increased reliance on pension and other personal savings. “(2) Studies have found that less than a third of Americans have even tried to calculate how much they will need to have saved by retirement, and that less than 20 percent are very confident they will have enough money to live comfortably throughout their retirement. “(3) A leading obstacle to expanding retirement savings is the simple fact that far too many Americans—particularly the young—are either unaware of, or without the knowledge and resources necessary to take advantage of, the extensive benefits offered by our retirement savings system. “(b) Purpose.—It is the purpose of this Act [see

Short Title

of 1997 Amendment note, set out under section 1001 of this title]—“(1) to advance the public’s knowledge and understanding of retirement savings and its critical importance to the future well-being of American workers and their families; “(2) to provide for a periodic, bipartisan national retirement savings summit in conjunction with the White House to elevate the issue of savings to national prominence; and “(3) to initiate the development of a broad-based, public education program to encourage and enhance individual commitment to a personal retirement savings strategy.”

Reference

Citations & Metadata

Citation

29 U.S.C. § 1146

Title 29 — Labor

Last Updated

Apr 6, 2026

Release point: 119-73