Everything you need to know
By Michael White, HRO Manager, Trüpp.
What is it?
OregonSaves is a Roth IRA (deductions are not pre-tax) savings program that is required for employers that do not currently offer a qualifying retirement program. Employees are auto-enrolled by their employer in the plan, but are given a 30-day window in which to opt out of the plan. The state Treasury Department is the fiduciary and the plan is administered by Ascensus.
What do employees need to know?
What do employers need to know?