2015 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Beyer, Roblan, Rosenbaum,Representative Read, Williamson|
|Bill Title:||Relating to retirement investments; declaring an emergency.|
|Catchline/Summary:||Creates Oregon Retirement Savings Board in office of State Treasurer.
Directs board to develop payroll deduction retirement plan for persons employed in Oregon so that employees can begin contributing to plan no later than June 16, 2017, unless board determines that plan qualifies as employee benefit plan under Employee Retirement Income Security Act of 1974. Requires board to report to Governor and appropriate committee or interim committee of Legislative Assembly. Establishes Oregon Retirement Savings Plan Administrative Fund. Continuously appropriates moneys in fund to board for purpose of administering plan. Declares emergency, effective on passage.
|Fiscal Impact:||Fiscal Impact Issued|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In Senate Committee|
|Current Committee:||Senate Committee On Rules|