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St. Johns Boosters

New Retirement Savings Options

State looking for volunteer employers

Retirement savings iconIs your business interested in offering a retirement savings option to its employees but lacks the resources? The Oregon State Treasury is starting a new program called OregonSaves to create an easier, less-costly way for employers to help their employees save and take responsibility for their own financial futures.

Research shows that employees are more productive when they have less finance-related stress. They are also 15 times more likely to save for retirement if an option is available at work.

Oregon State Treasury is looking for employers to join a pilot program of OregonSaves this summer. Pilot employers will get:

  • Early access to the program
  • Hands-on assistance getting started
  • The satisfaction of helping to ensure that the program works well for everyone.

Being able to offer an easy retirement savings option will also help you retain and attract good employees.

About OregonSaves

Key features:

  • Workers automatically save part of their paycheck in their own professionally managed accounts.
  • Employers will not have any financial obligations nor make matching contributions.
  • The employer role is limited, mostly to passing along information about the plan and making payroll deductions for participating employees.

If you want to join the pilot or just learn more

Contact Joel Metlen, the public engagement manager for Treasury at joel.metlen@ost.state.or.us or by phone at 503-559-4154.

Related handouts

One-page handout for OregonSaves, PDF

FAQ’s for OregonSaves, 2-page PDF

By Mary Ann Aschenbrenner

Mary Ann is a St. Johns resident since 1990, small business owner, and tireless volunteer in this community. She is the owner of Waterlink Web, a website design and development firm specializing in eCommerce and eLearning websites for small businesses, teachers, and nonprofit organizations.

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