Whether you are a saver or an employer facilitating OregonSaves for your employees, please know that OregonSaves is here for you during this very challenging time. Be assured that we continue to operate all critical functions without disruption and our customer service representatives are ready to help by phone and email.
OregonSaves and its service providers have strong, tested continuity plans in place to ensure all critical operations, administrative functions, and information systems continue to operate. If you need to call us, our member services representatives are ready to help.
We are closely monitoring the financial markets and the performance of the OregonSaves portfolios. Please know that, while the daily swings in the markets recently have been unusually dramatic, our program and portfolios were developed with the understanding that markets can be volatile from time to time. These investment options were designed to emphasize participation in stock market returns for young workers, but then protect the account balance from market swings as you approach retirement. In addition, the OregonSaves program is designed to have the first $1,000 of your retirement savings go into a Capital Preservation Fund that helps protect your savings from market volatility.
While our program operations continue without interruption, disruptions caused by COVID-19 may negatively affect paper mail delivery. To help ensure timely transactions and communications regarding your account, we encourage you to transact via our secure website and elect e-delivery of all documents.
We know that many businesses are facing unprecedented challenges right now. OregonSaves is committed to supporting employers through these uncertain times by offering extra support and flexibility. Businesses that do not offer a qualified retirement plan and are currently issuing payroll are required to facilitate OregonSaves. However, we want you to know that our expectation at this time is for your business to facilitate OregonSaves as soon as you are reasonably able to do so. If you’re ready to begin facilitating the program, or have other questions or concerns regarding participation in the program, please contact us at (844) 661-1256.
In this uncertain time, we hope this note provides you at least a small amount of comfort and peace of mind regarding your OregonSaves participation and allows you to focus on the health and safety of your family and other immediate priorities.
Please know that your well-being is on our minds as we continue to work hard every day to provide uninterrupted service and support for your retirement savings plan. Thank you for being a part of OregonSaves.
In this uncertain time, we hope this note provides you at least a small amount of comfort and peace of mind regarding your OregonSaves account and allows you to focus on the health and safety of your family and other immediate priorities.
Please know that your well-being is on our minds as we continue to work hard every day to support your retirement savings goals. Thank you for your participation in OregonSaves.
All the best and please stay healthy.
Your OregonSaves team,
Treasurer Tobias Read