# ORS § 178.230: 178.230 Prerequisites to establishment of Oregon Retirement Savings Plan

> Oregon · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.230

## Section

- **Citation:** ORS § 178.230
- **Heading:** 178.230 Prerequisites to establishment of Oregon Retirement Savings Plan
- **Jurisdiction:** Oregon
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OR Code / Title 18 / Chapter 178 / Section 178.230

## Text

(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).

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OR_T18_C178_S178.230. Check the current official text before relying on it. Not legal advice.