- Associated Press - Friday, October 13, 2017

EUGENE, Ore. (AP) - An Oregon program designed to help workers whose employers don’t offer retirement plans to save money is under fire as a national lobbying group filed a lawsuit against it.

The Register-Guard reports that the industry committee on the Employee Retirement Income Security Act filed the suit on Thursday in federal court, seeking to block a reporting requirement that OregonSaves imposes on businesses that already offer retirement plans to employees.

Committee officials say the compliance reporting requirement is a burden on employers and the state is reaching beyond what federal law allows.

White House, Trump family slam impeachment witness for 'classless' Barron Trump reference
Jonathan Turley, GOP witness, says he's received threats after impeachment testimony
Saudi aviation student kills 3, wounds 7 at Florida Naval base: Officials

State Treasurer Tobias Read says Oregon has worked with companies to ensure the program “is simple, smart and works well for everybody, because the bottom line is that we want to make it easy to save.”


Information from: The Register-Guard, https://www.registerguard.com

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2019 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide