• Why don’t OregonSaves contributions show up on my W2?

    OregonSaves acts as a payroll deduction IRA, not a retirement plan as defined for the W2, so you won’t see your contributions reflected on your W2. Your IRA trustee will file “Form 5498 IRA Contributions Information” with the IRS, and you’ll receive a copy no later than May 31. This does not need...

  • Why was this program created and how does it benefit my employees?

    As Oregonians, we are not saving enough. Research shows that people are 15 times more likely to save if they have a savings option through work, but more than 1 million workers—more than half of the working population in Oregon—did not have a savings option at work prior to OregonSaves. The...

  • Will my contribution rate increase automatically?

    Yes, your contribution rate increases automatically by 1 percent each year, until it reaches 10 percent, unless you opt out of automatic increases. The increase occurs each year on January 1 for those who made their first contribution on or before July 1 of the prior year.

  • Will my money be pooled with money from other city, state, or federal programs?

    It will not. The money you contribute to your own personal OregonSaves IRA account is only pooled with other OregonSaves participants to be invested in the specific investment options that you have elected for this program. You have complete control of your account, which is individually managed,...

  • Will services and materials be available in other languages?

    Yes. The call center will offer assistance in English and Spanish and will have access to translation services for other languages. Certain materials may also be available in Spanish.

  • Withdrawal Request Form

    Use this form to request a withdrawal from your account.

  • Withdrawals

    Can I take out my money? Your OregonSaves account is a Roth IRA and is designed to help you save over the long-term for retirement. That said, we understand that there may be situations where you need the money sooner. If you do need to take money from your account, it is simple to make a...