OregonSaves gets passing grade in new academic paper
The program, which was launched in 2017, represented nearly $85 million in assets among 88,000 funded accounts at the end of 2020, according to figures from the state. It was the first of several automatic IRA systems that states have rolled out for private-sector workers who otherwise would not have access to a workplace retirement plan.
OregonSaves, first state-sponsored auto IRA program, has low account average account balances, but it has also meaningfully improved access to retirement savings, according to an academic paper published this week.
The program, which was launched in 2017, represented nearly $85 million in assets
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