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Oregon Retirement Savings Plan Set to Launch in 12 Months
MyCentralOregon.com July 25, 2016 "Estimates ... say the Retirement Savings Plan is expected to grow to more than 500,000 active accounts by 2032.... The format of investment will be a Roth Individual Retirement Account (Roth-IRA).... The savings rate will be 5 percent of wages for new enrollees, unless workers choose a different level.... Unless investors choose otherwise, money will be invested in age-based funds with risk profiles that evolve over time, based on the years to retirement.... Workers at larger employers will be first to start saving at the time of launch in July 2017. The plan will be phased in over several years, and workers at smaller employers will be added at later dates." |
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