The OregonSaves retirement program is administered by the Oregon Treasury Savings Network which is a division of the Oregon State Treasury. As required by the Enabling Legislation, the Oregon Retirement Savings Board was tasked with the establishment and oversight of a state-run retirement savings program that provides Oregonians with an opportunity to save through payroll deductions. The seven-member board is chaired by the Oregon State Treasurer and includes four members appointed by the Governor—a representative of employers, a representative with experience in investments, a representative of an association representing employees, and a member of the public who is retired; a member of the Oregon House of Representatives; and a member of the Oregon Senate.
Prior to establishing the program, the Board conducted a
market analysis and
feasibility study, consulted with legal experts, and engaged a wide range of stakeholders—including representatives of workers, various-sized employers, business associations, industry groups, and professionals in the financial services industry—in a thoughtful, deliberate public process to help ensure that the public had an opportunity to comment and provide input on the program.
The Board has general and fiduciary responsibility for the program. The Board meets quarterly to discuss legislative activities, review program policies and investments, and make program decisions. All of the meetings are open to the public.
Oregon Retirement Savings Board Statute
Oregon Retirement Savings Board Meetings
Tobias Read, Chair
Oregon State Treasurer
Tobias Read took office on Jan. 2, 2017 as Oregon's 29th State Treasurer. He previously worked in the U.S. Treasury and as a liaison between designers, engineers and manufacturing units for Nike Inc. Prior to being elected Treasurer, he served a decade in the Oregon House of Representatives and championed legislation to invest in public education, improve state financial management, finance critical infrastructure improvements, and to help Oregonians save for more secure futures. As a lawmaker, he helped design and was a chief sponsor of the bill that successfully created the OregonSaves program. As Treasurer, he oversees Oregon's financial services agency.
The State Treasurer is a voting member of the Oregon Retirement Savings Board per ORS 178.200.
Appointed by Governor
Mr. Anderson is Secretary-Treasurer of United Food and Commercial Workers (UFCW) Local 555, representing 25,000 members in Oregon and Southwest Washington in retail, manufacturing, food processing, health care, building maintenance, and legal services. He serves as trustee/secretary on the Oregon Retail Employee Pension Trust, trustee of the UFCW Local 555 Employers Health Trust and President of the Northwest Oregon Labor Council (Portland.) Aside from labor, Mr. Anderson has served 33 years on the Salem Electric Co-op Board and is current Board President, ten years on the Oregon Wage and Hour Commission, five years as chair of the Oregon Working Families Party, and six years as President of Northwest Hope Foundation. He is a voting member of the International Foundation Board of Directors and a member of the Trustees Committee.
Appointed by Governer
Ms. Backus is an employee benefits attorney at the Portland firm of Bullard Law, and serves as president of the Portland chapter of the Western Pension & Benefits Council. She has experience with qualified and non-qualified retirement plans, health benefit plans, executive compensation issues, and employee benefits aspects of mergers and acquisitions. She works with clients to design and draft benefit plans, to monitor compliance with new legislation and ERISA, and to interact with the IRS and the Department of Labor regarding plan issues. She has written and spoken on the Affordable Care Act’s impact on Oregon employers. She earned her Bachelor’s Degree at Amherst College and her Juris Doctorate at the University of Southern California.
Appointed by Governer
Mr. Brewington is an executive council member and volunteer for AARP Oregon. Before he joined AARP as a volunteer, he was a senior executive at IBM and senior vice president of KinderCare. He now works part-time as an adjunct business professor at Marylhurst University in the MBA program.
Appointed by Governor
Ms. Streisinger is an attorney and retired in 2011 as director of the Oregon Department of Consumer and Business Services (DCBS). She was a clerk at the U.S. Supreme Court before joining the Portland law firm of Lindsay Hart Neil & Weigler. She became legal counsel to Oregon’s governor in 1987, and from 1991 to 2001 was general counsel to the Port of Portland. Former Governor Ted Kulongoski appointed her as DCBS director in 2003. She is active in the Portland City Club and volunteers as a financial coach with Innovative Changes, a nonprofit community development financial institution that provides financial education and asset-building opportunities.
Sen. Lee Beyer (D-Springfield)
Sen. Beyer has served more than a decade in the Oregon Legislature—in both the House and Senate—and is the former chairman of the Oregon Public Utility Commission, from which he retired in 2010 after nine years. He is currently chair of the Senate Business and Transportation Committee. He has served on the Oregon Global Warming Commission, the Governor’s Energy Planning Council, the National Association of Regulatory Utility Commissioners (NARUC) Electricity Committee, and as Director of the Western Electricity Coordinating Council. He worked professionally for more than 25 years in business and industrial development. He is an elected Director of the Willamalane Parks & Recreation District, the Wildish Community Theater Board, and is a former Springfield city councilor.
Rep. Pam Marsh (D-Ashland)
Representative Marsh was elected to House District 5 in southern Oregon in November 2016 after four years as a member of the Ashland City Council. Prior to joining the council, Ms. Marsh was a member and chair of the city Planning Commission and a member of the Ashland Charter Review Committee. From 2006-2012 Ms. Marsh worked as Deputy Director of a local nonprofit providing drug and alcohol prevention and treatment. She served as Executive Director of Ashland Emergency Food Bank from 2012 until December 2016. Ms. Marsh has lived in Southern Oregon since 1994, when she and her husband, Diarmuid McGuire, moved their four children from Palo Alto, California, to the mountains above Ashland. In Palo Alto, Ms. Marsh worked for a state legislator, managed a cities association, and served in a variety of governmental and nonprofit volunteer positions. For a decade Ms. Marsh was actively involved in management and operation of Green Springs Inn and Cabins. Her family continues to own the business, now managed by her husband and son.
Upcoming Meetings, Agenda, and Details
For prior meeting dates and agendas, please see the
The meeting location is accessible to persons with disabilities. A request for an interpreter for the hearing impaired or for other accommodations should be made at least 48 hours before the meeting to: Missy Simpson at
RetirementSavings@ost.state.or.us or 503.373.1903.
Meeting Books, Minutes, and Audio
|Regular Meeting: March 19, 2020||Minutes|
|Regular Meeting: March 11, 2020||Minutes|
|Regular Meeting: February 4, 2020||Minutes|
For older meeting materials, fill out a
Public Records Request.