(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 ยง7]
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.