(a) The State Treasurer or the designee of the State Treasurer.
(b) The following members appointed by the Governor:
(A) A representative of employers.
(B) A representative with experience in the field of investments.
(C) A representative of an association representing employees.
(D) A public member who is retired.
(c) A member of the Senate appointed by the President of the Senate to be a nonvoting advisory member of the board.
(d) A member of the House of Representatives appointed by the Speaker of the House of Representatives to be a nonvoting advisory member of the board.
(2) Members of the board appointed by the Governor must be confirmed by the Senate in the manner prescribed in ORS 171.562 and 171.565.
(3) The term of office of each member of the board appointed by the Governor is four years, but a member serves at the pleasure of the Governor. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to become immediately effective for the unexpired term.
(4) Each legislative member serves at the pleasure of the appointing authority and may serve as long as the member remains in the chamber of the Legislative Assembly from which the member was appointed.
(5) The State Treasurer or the designee appointed to the board under subsection (1) of this section shall serve as chairperson of the board.
(6) A majority of the voting members of the board constitutes a quorum for the transaction of business.
(7) A member of the board appointed by the Governor is entitled to compensation and expenses as provided in ORS 292.495. A legislative member shall receive compensation and expenses as provided in ORS 171.072.
(8) The office of the State Treasurer shall provide staff support to the board. [2015 c.557 ยง1]
Structure 2021 Oregon Revised Statutes
Volume : 05 - State Government, Government Procedures, Land Use
Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network
Section 178.010 - Oath and bond.
Section 178.050 - Duties of State Treasurer.
Section 178.065 - Authority of State Treasurer to require fingerprints.
Section 178.200 - Oregon Retirement Savings Board.
Section 178.205 - Powers and duties of Oregon Retirement Savings Board; rules.
Section 178.210 - Requirements for Oregon Retirement Savings Plan.
Section 178.215 - Rules for Oregon Retirement Savings Plan.
Section 178.220 - Confidentiality of account information.
Section 178.225 - Oregon Retirement Savings Plan Administrative Fund.
Section 178.230 - Prerequisites to establishment of Oregon Retirement Savings Plan.
Section 178.250 - Compliance with plan; complaints.
Section 178.255 - Investigation by Commissioner of Bureau of Labor and Industries; civil penalty.
Section 178.260 - Final orders relating to compliance.
Section 178.300 - Definitions for ORS 178.300 to 178.360.
Section 178.305 - Oregon 529 Savings Network.
Section 178.310 - Oregon 529 Savings Board; membership.
Section 178.315 - Board powers and duties; rules.
Section 178.320 - Oregon 529 Savings Network Fund; College Savings Plan Subaccount; ABLE Subaccount.
Section 178.335 - Network participation for higher education expenses; contribution limits; fees.
Section 178.345 - Prohibitions and limitations on accounts for higher education expenses.
Section 178.355 - Withdrawals from accounts for higher education expenses; rules; report.
Section 178.375 - Definitions for ORS 178.375, 178.380 and 178.385.