OregonSaves Rules Updated

The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation. The Board filed updated rules with the Oregon Secretary of State’s Office on Oct. 24, 2017.

The new round of rulemaking considered technical matters that the first set of rules for OregonSaves did not address, such as the process for employment services.

The second stage began on June 14, and included three rulemaking advisory committee meetings and a public hearing the board held on Sept. 19. An audio recording of the hearing is in three parts and can be downloaded here, here and here. The board has considered the results of the hearing as well as input and feedback from a wide range of stakeholders.

By the beginning of October, OregonSaves covered more than 2,000 employees. Oregon employers with 100 or more employees are required to register for OregonSaves by Nov. 15, 2017.

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