ORS 178.230: Prerequisites to establishment of Oregon Retirement Savings Plan.
Edition: 2025 EditionEffective: 2026-01-01Last verified: 2026-09-07
(1) Before establishing a plan developed under ORS 178.205, the Oregon Retirement Savings Board shall: (a) Conduct a market analysis to determine: (A) The feasibility of the plan. (B) Whether and to what extent plans with the characteristics described in ORS 178.210 currently exist in the private market. (b) Obtain legal advice regarding the applicability of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.) and the Internal Revenue Code to the plan. (c) Investigate whether employers that are not required to participate in the plan can make the plan available to their employees. (d) Investigate how to allow individuals who are not automatically enrolled in the plan to opt in to the plan and make contributions to an account, either through payroll contributions or another method of contribution. (2) The board shall coordinate with the efforts of other states as those states pursue legal guidance for similar retirement savings programs. [2015 c.557 §7]
Administrative rules citing this section
- OAR 170-080-0010: Administration — implements
- OAR 170-080-0010: Administration — authority
- OAR 170-080-0011: Executive Director — implements
- OAR 170-080-0011: Executive Director — authority
- OAR 170-080-0015: Employer Registration and Employee Enrollment — implements
- OAR 170-080-0015: Employer Registration and Employee Enrollment — authority
- OAR 170-080-0020: Employer Exemptions — implements
- OAR 170-080-0020: Employer Exemptions — authority
- OAR 170-080-0025: Responsibilities in Joint or Co-employment Circumstances — implements
- OAR 170-080-0025: Responsibilities in Joint or Co-employment Circumstances — authority
- OAR 170-080-0030: Standard and Alternate Elections for Contributions; Automatic Increases; Ceasing Contributions; Requesting Participation — implements
- OAR 170-080-0030: Standard and Alternate Elections for Contributions; Automatic Increases; Ceasing Contributions; Requesting Participation — authority
- OAR 170-080-0035: Contributions — implements
- OAR 170-080-0035: Contributions — authority
- OAR 170-080-0036: Non-Payroll Contributions — implements
- OAR 170-080-0036: Non-Payroll Contributions — authority
- OAR 170-080-0040: Distributions and Distribution Requests — implements
- OAR 170-080-0045: Program Administration Fees and Expenses — implements
- OAR 170-080-0050: Employer Guidelines — implements
- OAR 170-080-0050: Employer Guidelines — authority
- OAR 170-080-0055: Distribution of Materials to Employees — implements
- OAR 170-080-0055: Distribution of Materials to Employees — authority
- OAR 170-080-0057: Rollovers and Transfers — implements
- OAR 170-080-0057: Rollovers and Transfers — authority
- OAR 170-080-0058: Termination of Facilitating Employer Status through Program Exemption — implements
- OAR 170-080-0058: Termination of Facilitating Employer Status through Program Exemption — authority
- OAR 170-080-0060: Technical Assistance to Employers — implements
- OAR 170-080-0060: Technical Assistance to Employers — authority
- OAR 170-080-0061: Account Closure — implements
- OAR 170-080-0061: Account Closure — authority
- OAR 170-080-0062: Abandoned Accounts — implements
- OAR 170-080-0062: Abandoned Accounts — authority
- OAR 170-080-0065: Confidentiality — implements
- OAR 170-080-0066: Board Authority — authority
This rule cites
- ORS 178.205 — resolved
- ORS 178.210 — resolved
Cited by
No inbound citations found.
Official source: https://www.oregonlegislature.gov/bills_laws/ors/ors178.html