white map of USA with Oregon colored in green (Photo: Shutterstock)

Oregon is among the first states to implement automatic IRAs for private sector workers who don’t have access to a workplace retirement plan. It’s program, OregonSaves, is a Roth IRA that automatically enrolls workers, who may choose to opt out, withdraw prior contributions, or change their contribution amount at any time. As of the end of 2019, OregonSaves had been rolled out to all eligible firms in the state with five or more employees, and is expected to enroll all eligible firms by later this year.

Related: Do state-run mandatory retirement plans help workers?

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Danielle Andrus


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.