Oregon is attempting to follow in the footsteps of Massachusetts and California by passing a bill that could pave the way for a state-based retirement savings plan for private-sector workers based on the automatic IRA.
The Oregon House of Representatives passed a bill this month to form a taskforce to explore the state's options for helping private-sector workers who don't have access to retirement plans at work to save for retirement.
House Bill 3436 is waiting for the governor's signature. If it is signed, the Oregon Retirement Savings Task Force will develop recommendations for increasing the percentage of Oregonians saving for retirement or enrolled in a retirement plan, and for increasing the amount of those individual savings.
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