Alliance comments on Oregon State Retirement Plan rules



Alliance comments on Oregon State Retirement Plan rules

The Alliance submitted a letter to the Oregon State Treasurer’s office providing feedback on proposed rules to implement the Oregon State Retirement Plan, which the Legislature approved in 2015.
The Alliance submitted a letter to the Oregon State Treasurer’s office providing feedback on proposed rules to implement the Oregon State Retirement Plan, which the Legislature approved in 2015. The Alliance focused its comments on: 1) the impact of the proposed rules on small businesses; 2) the need to ensure participation in the plan does not subject the state or employers to ERISA liability; 3) ensuring the plan does not provide a disincentive for businesses to offer better plans and the importance that all federally qualified plans businesses offer qualify for an exemption from participating in the state plan; and 4) the need to ensure a level playing field and not stifle the competitive market offering other retirement plan alternatives. Read the letter.