Relating to employer exemption from participation in Oregon Retirement Savings Plan; and prescribing an effective date.
Catchline/Summary:
Directs employer, on annual tax withholding return submitted to Department of Revenue, to indicate whether employer offers qualified retirement savings plan that would allow exemption from participation in Oregon Retirement Savings Plan. Directs employer, on annual tax withholding return submitted to Department of Revenue, to indicate whether employer offers qualified retirement savings plan that would allow exemption from participation in Oregon Retirement Savings Plan. Allows department to share collected information with State Treasurer. Applies to returns submitted to department on or after January 1, 2020.
Takes effect on 91st day following adjournment sine die.
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SB 165
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