The Saver Act of 1997

The President signed into law the "Savings Are Vital to Everyone's Retirement Act of 1997" (SAVER) on November 20, 1997. The SAVER Act is aimed at advancing the public's knowledge and understanding of the importance of retirement savings. It will do this by: 1) providing a bipartisan national summit on retirement savings to be presided over equally by representatives of the executive and legislative branches; and 2) establishing an ongoing educational program coordinated by the U.S. Department of Labor.