Beneficiary Designation Form

Use this form to change or add primary beneficiaries and secondary beneficiaries.

Beneficiary Designation Form (Espanol)

Can cannabis-related businesses facilitate OregonSaves?

Yes, cannabis-related businesses can facilitate OregonSaves by taking the following actions: Contact the Oregon Liquor Control Commission at 1-800-452-6522, select option 1, and provide your Federal Tax ID and Oregon Business Identification Number. Then, call OregonSaves at 1-844-661-1256 to...

Can employees in my employer-sponsored retirement plan also participate in OregonSaves?

Yes. If your employees are 18 or older, have earned income, and are eligible to contribute to an IRA, they can sign up for an account. They can contribute through their bank account (or by check using a mail-in paper form after the account has been set up), or they can contribute through payroll...

Can employers cancel their employer-sponsored retirement plans and offer this instead?

Oregon's program isn't intended to replace employer-sponsored retirement plans, which have many important benefits. For example, 401(k) plans have higher employee contribution limits and allow for employer matching contributions, unlike OregonSaves.

Can employers match employee contributions?

No, OregonSaves does not allow employer contributions. As an employer, your role is limited to facilitating the program for your employees.

Can facilitating OregonSaves help my business?

Not every employer has the resources to provide a qualified, employer-sponsored retirement plan. OregonSaves provides a way for those employers to offer a workplace savings option that helps employees to reach their financial goals. Employers that already facilitate this program tell us that it’s a...

Can I connect a bank account to my account?

Yes, we’ve made it even easier to access and handle funds by allowing you to securely log in and connect bank accounts. You can securely connect a bank via Plaid or manually add a bank account.

Can I connect more than one bank account or type of account?

Yes, you can connect more than one bank account as well as multiple types of bank accounts. Each account and type will need to be connected individually, but you can have both savings and checking accounts linked to their account at one time. 

Can I contribute a set dollar amount per paycheck instead of a percentage?

Contributions through payroll deductions can be made only as a percentage of your gross pay. If you’d rather contribute a set dollar amount on a recurring monthly schedule, you have the option to connect a bank account to your OregonSaves account.