12 03, 2015

Oregon lawmakers consider state-run retirement plan to boost residents’ savings

2015-03-12T17:29:21-07:00March 12th, 2015|Categories: Retirement|Tags: , , |

Democratic lawmakers are promoting legislation that would automatically enroll thousands of Oregon workers in retirement savings accounts, a move that proponents said Monday would help ensure nobody is forced to work until they die or to spend their retirement years in poverty. House and Senate bills would create a state-run retirement plan. Workers who don’t have access to a retirement account from their employer would automatically be enrolled, unless they opt out, and a percentage of their earnings would [...]

19 09, 2014

Senate Leader: ‘Worth Looking At’ Auto IRA For Workers Without Pensions

2014-09-19T21:04:09-07:00September 19th, 2014|Categories: Retirement|Tags: , , |

Senate Finance Committee Chairman Ron Wyden (D-Ore.) told the panel Tuesday an automatic government-sponsored IRA for workers not covered by an employer pension plan is worth considering. Yesterday, a task force in his home state of Oregon recommended such a plan, which he said has the potential for being a first step towards retirement security for many. While experts have frequently testified about a retirement crisis to Congress, Investment Company Institute Chief Economist Brian Reid said the retirement system [...]

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