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Oregon Retirement Savings Board

Oregon Retirement Savings Board

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

All Oregon employers are required by law to facilitate OregonSaves if they don’t offer a retirement plan for their employees. If you’re an employer with 1-2 employees or your business utilizes a Professional Employer Organization (PEO) or Leasing Agency, your registration deadline is July 31, 2023. The registration deadline has passed for employers with 3 or more employees, register now to comply with state law.

For additional program details, please visit our official OregonSaves website.

Board Members

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.

 

Jeff Anderson

Appointed by Governor

Mr. Anderson was Secretary-Treasurer of United Food and Commercial Workers (UFCW) Local 555, prior to retiring August 1, 2021. UFCW 555 represents 30,000 members in Oregon and Southwest Washington in retail, manufacturing, food processing, health care, building maintenance, and legal services. He also had served 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) prior to his retirement. Aside from labor, Jeff has served 37 years on the Salem Electric Co-op Board and is a member of the Claggett Creek Watershed Council. Jeff also served for ten years on the Oregon Wage and Hour Commission, for five years as Chair of the Oregon Working Families Party, and for eight years as President of Northwest Hope Foundation.

 

Kara Backus

Appointed by Governor

Ms. Backus is an employee benefits attorney at the Pacific Northwest law firm of Lane Powell. She is a member and past president of the Portland chapter of the Western Pension & Benefits Council. She has experience with qualified and non-qualified retirement plans, health and welfare 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 under ERISA and the Internal Revenue Code, and to interact with the IRS and the Department of Labor regarding plan issues. She regularly writes and speaks on employee benefits issues impacting Oregon and Washington employers. She earned her Bachelor’s Degree at Amherst College and her Juris Doctorate at the University of Southern California Gould School of Law.

 

Maria Gonzalez

Appointed by Governor

Ms. Gonzalez is responsible for leading a 500+ person service and operations organization for the Retirement Plans division at The Standard and serves as President of StanCorp Investment Advisers. The Standard Retirement Services is a top-tier recordkeeper for small to mid-sized plans valued for their unique blend of expertise and employer focused service excellence. The Standard has a long history of designing, administering, and providing investment options for 401(k), profit sharing, money purchase, 403(b), 457 and defined benefit plans.

Maria joined The Standard in 2003 and has held leadership roles in Corporate Finance, Individual Annuities, Marketing and Employee Benefits. She joined the Retirement Plans senior leadership team in 2010 and has led a mix of operations, service, finance, actuarial and business improvement teams.

Prior to joining the Standard, Maria worked in investment banking and equity research for Goldman Sachs and Merrill Lynch. Maria received her Bachelor of Arts degree in economics from Harvard University. She holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society of Portland.

Maria serves as Treasurer on the board of Metropolitan Family Service, a nonprofit whose mission is to help people move beyond the limitations of poverty, inequity, and social isolation. She is also the executive sponsor of The Standard’s LGBTQ employee resource group and has served on the advisory board of The Standard’s racial and ethnic diversity ERG. She is a member of Schwab’s Trust and Custody Advisory Board and LIMRA’s Retirement Plans Committee.

Maria resides in Portland with her wife and two young children. In her spare me, she enjoys hiking, traveling, and going to plays with her family.

Joyce DeMonnin

Appointed by Governor

Ms. DeMonnin is an Oregon native and served as Director of Communications and Media Relations for AARP Oregon until her retirement in 2021. She has extensive experience in program development, strategic and operational planning, public speaking, communications/media relations and event management. With AARP, her key impact areas included health care reform, access to affordable prescriptions, economic security, older worker equity and retirement security/Social Security. Joyce was AARP Oregon’s lead staff and advocate, helping to create OregonSaves. Joyce worked to pass legislation in 2013 and 2015 and assisted with promoting the program when it went live in 2017. She was also instrumental in expanding the Oregon Prescription Drug Program statewide and was on the board of the Oregon Patient Safety Commission for eight years; two years as Chair. In 2017, Joyce was awarded the national AARP Award for Communication. Joyce also founded the ElderSafe Program in Washington County in 2000, creating one of the first stand-alone victim assistance, education, and advocacy programs in Oregon to combat elder abuse and support victims of crime. The program won the national Archstone Foundation Award of Excellence. Joyce has a BA in Journalism, and Master's degrees in Public Health and Business Administration.

Senator Dick Anderson

Senator Dick Anderson was elected to the Senate in 2020. He is the former Mayor of Lincoln City on the Oregon Coast and serves on the North Lincoln Health District Board, as well as the Siletz Tribal Charitable Contribution Board. While Mayor, Anderson served on the Lincoln County Foundation and the Oregon Coastal Zone Management Executive Committee.

Senator Anderson was raised in Wallowa County and has lived in the Northwest in several areas over the course of his career before retiring. He worked for 35 years in the financial industry where he honed his collaborative approach to issues before moving to the Oregon coast.

Dick and his wife, Sue have been married for 50 years and have two children and 5 grandchildren. They purchased their home on the Oregon coast to retire, but state and local government have become part of that equation.

Locally, Senator Anderson has also been active with the North Lincoln County Community Emergency Response Team (CERT), B'nail B'rith Camp and Family Promise of Lincoln County as a volunteer, Lincoln City Chamber of Commerce and is an avid golfer.

Representative Daniel Nguyen

Representative Daniel Nguyen is a son of Vietnamese refugees who came to the United States in 1975. Daniel was born and raised in Camas, Washington. Daniel and his wife, with their entrepreneurial spirit, founded and operate Bambuza Vietnam Kitchen, located in the South Waterfront community since 2008. Daniel was elected to the Lake Oswego City Council in 2018, the first person of color elected to serve on City Council.

Daniel also serves as a community volunteer and as a Director on several organization’s boards -Immigration Counseling Service Business for a Better Portland and Co-Chair of PCC School of Business & Entrepreneurship Advisory Committee, and was elected to the state legislature in 2023 as State Representative.


Upcoming Meetings, Agenda, and Details

 Content Editor


For prior meeting dates and agendas, please see the Treasury Calendar

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.


Monthly Dashboard

2024

Report

Date

2024 4 Program Report OregonSaves Monthly
April 30, 2024
2024 3 Program Report OregonSaves Monthly
March 31, 2024
2024 2 Program Report OregonSaves Monthly
February 29, 2024
2024 1 Program Report OregonSaves Monthly
January 31, 2024

2023

Report

Date

2023 12 Program Report OregonSaves Monthly
December 31, 2023
2023 11 Program Report OregonSaves Monthly
November 30, 2023
2023 10 Program Report OregonSaves Monthly
October 31, 2023
2023 9 Program Report OregonSaves Monthly
September 30, 2023
2023 8 Program Report OregonSaves Monthly
August 31, 2023
2023 7 Program Report OregonSaves Monthly
July 31, 2023
2023 6 Program Report OregonSaves Monthly
June 30, 2023
2023 5 Program Report OregonSaves Monthly
May 31, 2023
2023 4 Program Report OregonSaves Monthly
April 30, 2023
2023 3 Program Report OregonSaves Monthly
March 31, 2023
2023 2 Program Report OregonSaves Monthly
February 28, 2023
2023 1 Program Report OregonSaves Monthly January 31, 2023

2022

Report

Date

2022 12 Program Report OregonSaves Monthly
December 31, 2022
2022 11 Program Report OregonSaves Monthly
November 30, 2022
2022 10 Program Report OregonSaves Monthly
October 31, 2022
2022 9 Program Report OregonSaves Monthly
September 30, 2022
2022 8 Program Report OregonSaves Monthly
August 31, 2022
2022 7 Program Report OregonSaves Monthly
July 31, 2022
2022 6 Program Report OregonSaves Monthly
June 30, 2022
2022 5 Program Report OregonSaves Monthly
May 31, 2022
2022 4 Program Report OregonSaves Monthly
April 30, 2022
2022 3 Program Report OregonSaves Monthly
March 31, 2022
2022 2 Program Report OregonSaves Monthly
February 28, 2022
2022 1 Program Report OregonSaves Monthly
January 31, 2022

2021

Report

Date

2021 12 Program Report OregonSaves Monthly
December 31, 2021
2021 10 Program Report OregonSaves Monthly
October 31, 2021
2021 9 Program Report OregonSaves Monthly
September 30, 2021
2021 8 Program Report OregonSaves Monthly
August 31, 2021
2021 7 Program Report OregonSaves Monthly
July 31, 2021
2021 6 Program Report OregonSaves Monthly
June 30, 2021
2021 5 Program Report OregonSaves Monthly
May 31, 2021
2021 4 Program Report OregonSaves Monthly
April 30, 2021
2021 3 Program Report OregonSaves Monthly
March 31, 2021
2021 2 Program Report OregonSaves Monthly
February 28, 2021
2021 1 Program Report OregonSaves Monthly
January 31, 2021


Meeting Books, Minutes, and Audio

2024

ORSB Book
Minutes
Audio
Regular meeting: May 14, 2024

Audio
Regular meeting: Febuary 20, 2024
Minutes
Audio

2023

date
Minutes

Regular meeting: November 14, 2023
Minutes
Regular meeting: August 15, 2023
Minutes
Regular meeting: May 17, 2023
Minutes
Regular meeting: February 7, 2023
Minutes

2022

Date
Minutes

Regular meeting: November 15, 2022
Minutes
Regular meeting: August 30, 2022
Minutes
Regular meeting: May 17, 2022
Minutes
Regular meeting: February 15, 2022
Minutes

2021

date
Minutes

Regular meeting: November 9, 2021
Minutes
Regular meeting: August 3, 2021 Minutes
Regular meeting: June 30, 2021
Minutes
Regular meeting: May 4, 2021
Minutes
Regular meeting: February 23, 2021
Minutes
Regular meeting: January 6, 2021
Minutes

2020

Date
Minutes

Regular Meeting: November 10, 2020
Minutes
Regular Meeting: August 4, 2020
Minutes
Regular Meeting: May 5, 2020
Minutes
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.