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One Year On: Oregon Debuts First State-Sponsored IRA Plan for Private Sector Employees, Individual Workers
Corporate Insight Link to more items from this source
Dec. 20, 2018

"Although 1,800 employers have registered and nearly 22,000 employees are contributing, the plan's greatest challenge thus far involves implementing payroll deductions: only about a third of employers that have enrolled in the program have actually submitted employee contributions ... Still, OregonSaves saw a 95% retention rate in its inaugural year, with 93% of enrollees maintaining the default 5% contribution and 2% increasing their rate to an average of 10%. Only 5% of enrollees decreased their deferral rate."

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