• Contributions

    The standard contribution rate The standard, default savings rate for an OregonSaves account is 5 percent of your gross pay (the amount you earn before taxes), and that amount is deducted from your paycheck after taxes have been taken out. To make your savings contributions, your employer can...

  • Conversion blocker

    We are transitioning to our new program manager. As mentioned in previous communications, OregonSaves is now in the process of transitioning to our new program manager. You will be unable to sign in to our website or access your account until the transition is complete on November 8, 2021. Please...

  • Could joining OregonSaves impact my eligibility for college financial aid?

    In general, qualified retirement accounts are not counted towards federal financial aid. However, it is important to note that withdrawals from IRAs can jeopardize financial aid for the year following the withdrawal. We suggest you carefully review your own circumstances with a tax expert,...

  • Could joining OregonSaves impact my eligibility for federal programs like SNAP or TANF?

    In general, federal benefits programs do not count retirement assets against a person's eligibility. For more information, check with your benefits office.

  • Did investment fund options change under the new service provider?

    The majority of the OregonSaves retirement fund investment options remain similar to what was available prior to the transition to a new program manager, however, adjustments were made to the structure of our Capital Preservation Fund. The mechanics of the Capital Preservation Fund structure is...

  • Do employees need to fill out paperwork to enroll or make changes?

    Employees are enrolled automatically once they are added by their employers and do not need to fill out any paperwork. Once enrolled, employees can manage most account functions online, however, OregonSaves also makes printable forms available for certain account changes. Our customer service team...

  • Do employers have to facilitate OregonSaves?

    Yes, any business with employees in Oregon must facilitate the state’s program for its employees, unless it already offers a qualified, employer-sponsored retirement plan.

  • Do employers have to facilitate this State program?

    Yes, any business with employees in Oregon must facilitate the State’s program for its employees, unless it already offers a qualified, employer-sponsored retirement plan.

  • Do family members who work for my business count as employees?

    Yes, they can participate if they are considered to be employees for tax purposes.

  • Do I have to work for a certain amount of time in order to participate?

    Employers have 60 days from the date of hire to enroll a new employee in OregonSaves or accept their election to opt out of the program. If you work for an employer for fewer than 60 days, you will not be enrolled until you reach that milestone.