New state IRA program begins in Oregon

Oregon is about to take a small but important first step in solving the nation’s retirement security crisis. On July 1, 2017 the state launched a pilot program of “OregonSaves” and become first in the nation to begin a state-based IRA program. OregonSaves is a completely voluntary, simple, and convenient way for workers to save their own money into their own accounts. It’s automatic. Employees don’t need to do anything to enroll. Savings are through payroll deductions, which will make …