ASSOCIATED PRESS: Lawmakers aim to ensure retirement is a possibility in the current business climate.
ASSOCIATED PRESS: Lawmakers aim to ensure retirement is a possibility in the current business climate.
House and Senate bills would create a state-run retirement plan. Workers who don’t have access to a retirement account from their employer would automatically be enrolled, unless they opt out, and a percentage of their earnings would be withheld from each paycheck. Legislative committees in the House and Senate heard public testimony on the bills in recent days, but neither has advanced out of committee.
“I’m proud to sponsor these bills with my colleagues because they’ll give Oregonians the means and the opportunity to take control of their retirement and the chance to retire comfortably and with dignity,” said Rep. Tobias Read, D-Beaverton.
