{"id":3792,"date":"2018-11-28T14:05:50","date_gmt":"2018-11-28T19:05:50","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3792"},"modified":"2018-11-28T14:05:50","modified_gmt":"2018-11-28T19:05:50","slug":"oregon-opens-up-small-business-plan-for-individuals","status":"publish","type":"post","link":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3792","title":{"rendered":"Oregon opens up small business plan for individuals"},"content":{"rendered":"<p><span class=\"s3\">Oregon announced that their <\/span><span class=\"s3\">OregonSaves<\/span><span class=\"s3\"> retirement program will now allow individuals, such as self-employed or gig economy workers, to join and start participating in this program for small employers.<\/span><\/p>\n<p><span class=\"s3\">OregonSaves<\/span><span class=\"s3\"> began with a pilot program in July 2017 and is expanding statewide.<\/span><\/p>\n<p><span class=\"s3\">Since the program launched in November 2017, workers have set aside $9 million towards retirement. Individuals can now join the 45,000 employees that have enrolled through an employer. <\/span><\/p>\n<p><span class=\"s3\">While I\u2019m all for plans that increase participation to employees who couldn\u2019t get retirement plan coverage from their employer on their own, I still think that these programs won\u2019t become popular. When it comes to government and money, I still believe that people have a libertarian streak and don\u2019t want government involved with their retirement savings especially with the jaded views we have about Social Security. Just look at the numbers, <\/span><span class=\"s3\">OregonSaves<\/span><span class=\"s3\"> has 45,000 participants with $9 million in assets. That is $200 <\/span><span class=\"s3\">per<\/span><span class=\"s3\"> participant<\/span><span class=\"s3\">, hardly a win to reduce the retirement plan gap.<\/span><\/p>\n<p><span class=\"s3\">As I have always stated, it will be multiple employer plans (MEPs) created by associations and plan providers that will be able to effectively increase participation to employees <\/span><span class=\"s3\">that wouldn\u2019t have been covered under a single employer plan, just my two cents.<\/span><\/p>\n<div class=\"sharedaddy sd-sharing-enabled\"><\/div>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Oregon announced that their OregonSaves retirement program will now allow individuals, such as self-employed or gig economy workers, to join and start participating in this program for small employers. OregonSaves began with a pilot program in July 2017 and is &hellip; <a href=\"http:\/\/therosenbaumlawfirm.com\/blog\/?p=3792\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3792"}],"collection":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3792"}],"version-history":[{"count":1,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3792\/revisions"}],"predecessor-version":[{"id":3793,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/3792\/revisions\/3793"}],"wp:attachment":[{"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3792"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}