Impact of Proposed Small Business Retirement Plan on Oregon Small Businesses Focal Point of Webinar
Interactive call open to all small businesses; chance for entrepreneurs to learn about proposed small business retirement legislation and how small businesses and their employees can benefit
Portland, Ore.—The Oregon State Treasury, in conjunction with small business organization Small Business Majority, will host a webinar on Monday, April 27, 2015, to discuss a new small business retirement plan option being proposed in the Oregon Legislature—the Oregon Retirement Savings Fund Board—and how small employers and their employees can benefit from it.
The Oregon Retirement Savings Fund Board would create a state-sponsored retirement savings plan that would provide small business owners and their employees with an easy and effective way to save for retirement. Participation is voluntary, and employers are not required to contribute toward employees' savings plans. The contributions would be automatically deducted from payroll, at no added cost to business owners.
"Today, nearly half of all Oregonians do not have a retirement plan through their place of employment. This includes small business owners and their employees, entrepreneurs and freelancers," said Oregon State Treasurer Ted Wheeler. "Oregon's proposed retirement savings plan would help small businesses provide retirement security for themselves, their families and our community, and allow small businesses that previously could not afford retirement savings plans to provide this benefit to their employees."
The free webinar, which is open to all small business owners, will feature Small Business Majority's Workforce Initiatives Manager, Jarvez Hall, who will discuss the status of small business retirement plans, including an overview of what is and isn't working for small business owners and their employees. Hall and Treasurer Wheeler will also provide information on the employee retirement savings crisis in Oregon.
A question and answer period will follow the discussion. "Our opinion polling found small business owners struggle to offer retirement savings programs due to a number of barriers, but they want to offer this benefit to their employees because it helps them attract and retain talent," said Hall. "Policies like these help level the playing field between small businesses that want to offer retirement benefits but can't, and their larger counterparts that can. This helps small businesses compete for the best employees, and gives employers peace of mind that they are doing what's best for their workers."
The webinar will take place on Monday, April 27, from 9am to 10am (PT). Small business owners can register for the interactive call online at https://cc.readytalk.com/r/m65rq92m6i30&eom.
For more information, please contact Jarvez Hall at [email protected].
About Small Business Majority
Small Business Majority is a national small business advocacy organization, founded and run by small business owners to focus on solving the biggest problems facing America's 28 million small businesses today. Since 2005, we have actively engaged small business owners and policymakers in support of public policy solutions, and have delivered information and resources to entrepreneurs that promote small business growth and drive a strong, sustainable economy. We are a team of more than 30 working from our 11 offices in Washington, D.C. and 9 states, with a network of more than 45,000 small business owners and more than 2,000 business organizations, along with a formal strategic partnership program of more than 125 business organizations, enabling us to reach more than 500,000 entrepreneurs. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about issues including taxes, healthcare, access to capital, entrepreneurship, workforce development, clean energy and immigration. Learn more about us on our website and follow us on Twitter, Facebook and Instagram.