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2015 Regular Session
Overview
At the request of:
Chief Sponsors: Senator Beyer, Roblan, Rosenbaum,Representative Read, Williamson
Regular Sponsors:
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.
Chapter Number:
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
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events