skip to main content
skip to newscasts

Tuesday, April 23, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Biden administration moves to protect Alaska wilderness; opening statements and first witness in NY trial; SCOTUS hears Starbucks case, with implications for unions on the line; rural North Carolina town gets pathway to home ownership.

view newscast page
play newscast audioPlay

The Supreme Court weighs cities ability to manage a growing homelessness crisis, anti-Israeli protests spread to college campuses nationwide, and more states consider legislation to ban firearms at voting sites and ballot drop boxes.

view newscast page
play newscast audioPlay

Wyoming needs more educators who can teach kids trade skills, a proposal to open 40-thousand acres of an Ohio forest to fracking has environmental advocates alarmed and rural communities lure bicyclists with state-of-the-art bike trail systems.

Businesses Helping Steer Direction of New Oregon Retirement Program

play audio
Play

Monday, February 26, 2018   

SALEM, Ore. – Oregon is listening to businesses on how to tweak the state’s novel saving option for employees as the program continues its roll out.

OregonSaves is an alternative for workers whose employers don't offer a retirement savings option, giving employees the chance to save part of their paycheck automatically and also bring those savings to other jobs if they want.

In late December, rollout of the program was going well enough among bigger businesses that OregonSaves began asking smaller businesses to join.

Lisa Massena, executive director of OregonSaves, says it's been possible with guidance from employers.

"One thing to know is Oregon is a small business state,” she points out. “We have many, many small businesses, and so a wide range of circumstances, so we're always keeping our eye out for whether we've identified something new, how the program can continue to be pretty easy to work with, regardless of who you are."

The program still is officially a month away from phase two, when it will invite businesses with 50 to 99 employees, although smaller employers already are joining.

Under the program, workers save 5 percent of their paycheck, but employees are able to opt out.

OregonSaves is the first program of its kind in the nation and Massena says people are saving about $50 per paycheck so far.

About 1 million Oregonians are eligible for the program.

Massena says retirement savings are critical, but there are many who struggle to put away money.

"I think we all know folks who tell us from time to time that, 'I guess I'm just going to work until I die because I haven't been saving anything and I don't have another option,'” she relates. “And that's not where any of us wants to be, and what we find is that when people have the opportunity to save at work, they are 15 times more likely to save for retirement."

Massena says officials in other states have been consulting with her about their programs before officially rolling them out. Her advice to them: Keep it simple.

OregonSaves is not connected to the Public Employees Retirement System.


get more stories like this via email

more stories
Several Mississippi correctional facilities offer both short-term (12 weeks) and long-term (six months) alcohol and drug programs with individual and group counseling for treating alcohol and drug addictions. (Wesley JvR/peopleimages.com)

Social Issues

play sound

Mississippi prisons often lack resources to treat people who are incarcerated with substance-use disorders adequately but a nonprofit organization is …


Social Issues

play sound

April is Second Chance Month and many Nebraskans are celebrating passage of a bipartisan voting rights restoration bill and its focus on second chance…

Health and Wellness

play sound

New Mexico saw record enrollment numbers for the Affordable Care Act this year and is now setting its sights on lowering out-of-pocket costs - those n…


Migrants are put on buses from Texas to other states, often without knowing where they are going. (afishman64/Adobe Stock)

Social Issues

play sound

The future of Senate Bill 4 is still tangled in court challenges. It's the Texas law that would allow police to arrest people for illegally crossing …

Social Issues

play sound

Residents in a rural North Carolina town grappling with economic challenges are getting a pathway to homeownership. In Enfield, the average annual …

Social Issues

play sound

A new poll finds a near 20-year low in the number of voters who say they have a high interest in the 2024 election, with a majority saying they hold …

Health and Wellness

play sound

New York's medical aid-in-dying bill is gaining further support. The Medical Society of the State of New York is supporting the bill. New York's bill …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021