BUILDING A FOUNDATION FOR RETIREMENT SECURITY
Every working Oregonian should have an affordable, secure way to plan and save for retirement.
Today, nearly half of Oregonians aged 25-64 are not covered by a retirement plan at work. As a result, many are at risk of living in poverty when they retire – unable to cover basic living and medical expenses. Unless we address this problem proactively, we face insecurity for our growing senior population and a looming crisis for Oregon’s social safety net and the state budget.
Oregon legislature passes retirement security bill
Retirement in Reach Coalition applauds passage of the bill—the only state retirement security bill successfully enacted this year
(Salem, Ore.) - July 8, 2013 - The Oregon Legislature yesterday passed HB 3436C, which now heads to the Governor’s desk for signature. Chief sponsored by Senator Lee Beyer of Eugene, Senator Diane Rosenbaum of Portland and Representative Jules Bailey of Portland, the bill creates a task force to study and recommend a solution that will enable all working Oregonians to save for retirement.
Read the full press release.