178.230 Prerequisites to establishment of Oregon Retirement Savings Plan

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OR Code › Title 18 › Chapter 178 › Section 178.230

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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(1) Before establishing a plan developed under ORS 178.205 (Powers and duties of Oregon Retirement Savings Board) , the Oregon Retirement Savings Board shall:

(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 (Requirements for Oregon Retirement Savings Plan) 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 §7]

Source: Section 178.230 — Prerequisites to establishment of Oregon Retirement Savings Plan , https://www.oregonlegislature.gov/bills_laws/ors/ors178.html (accessed May 26, 2025).

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.