Thousands of Oregonians have less than $25,000 in retirement savings. Average retirement savings among Oregonians between the ages of 45 and 65 is less than $5,000.
Most don’t have access to a retirement plan at work. That’s why the Save Today, Secure Tomorrow bill is such a big deal for Oregon. It will set us on a path toward establishing a retirement savings plan for Oregonians who don’t have access to a plan at work.
The Oregon Retirement Savings Plan will be a voluntary, easy to use, portable, and professionally managed retirement savings plan offering low-cost investment options. Having access to this plan could mean the difference between poverty and dignity in retirement for thousands of Oregon workers.
Posted on March 9, 2015.