# ORS § 178.200: 178.200 Oregon Retirement Savings Board > Oregon · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.200 ## Section - **Citation:** ORS § 178.200 - **Heading:** 178.200 Oregon Retirement Savings Board - **Jurisdiction:** Oregon - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** OR Code / Title 18 / Chapter 178 / Section 178.200 ## Text (1) The Oregon Retirement Savings Board is established in the office of the State Treasurer. The board consists of seven members as follows: (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 (Procedures for confirmation) and 171.565 (Vote required for confirmation) . (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 (Compensation and expenses of members of state boards and commissions) . A legislative member shall receive compensation and expenses as provided in ORS 171.072 (Salary of members and presiding officers) . (8) The office of the State Treasurer shall provide staff support to the board. [2015 c.557 §1] Source: Section 178.200 — Oregon Retirement Savings Board , https://www.­oregonlegislature.­gov/bills_laws/ors/ors178.­html (accessed May 26, 2025). ## Nearby sections - [ORS § 178.010 178.010 Oath and bond](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.010.md) - [ORS § 178.020 178.020 Additional bond requirement](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.020.md) - [ORS § 178.030 178.030 Premiums on surety bonds of treasurer and employees paid by state](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.030.md) - [ORS § 178.040 178.040 Successive recoveries on bond](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.040.md) - [ORS § 178.050 178.050 Duties of State Treasurer](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.050.md) - [ORS § 178.060 178.060 Deputy State Treasurer](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.060.md) - [ORS § 178.065 178.065 Authority of State Treasurer to require fingerprints](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.065.md) - [ORS § 178.090 178.090 Manner of providing evidence of receipt of funds or securities](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.090.md) - [ORS § 178.200 178.200 Oregon Retirement Savings Board](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.200.md) - [ORS § 178.205 178.205 Powers and duties of Oregon Retirement Savings Board](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.205.md) - [ORS § 178.210 178.210 Requirements for Oregon Retirement Savings Plan](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.210.md) - [ORS § 178.215 178.215 Rules for Oregon Retirement Savings Plan](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.215.md) - [ORS § 178.220 178.220 Confidentiality of account information](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.220.md) - [ORS § 178.225 178.225 Oregon Retirement Savings Plan Administrative Fund](https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.225.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.200. Check the current official text before relying on it. Not legal advice.