Oregon Code § 178.200·Enacted ·Last updated March 01, 2026
Statute Text
Oregon
Retirement Savings Board.
(1) The Oregon Retirement Savings Board is established in the office of the
State Treasurer. The board consists of seven members as follows:
(a) The State
Treasurer or the designee of the State Treasurer.
(b) The following
members appointed by the Governor:
(A) A
representative of employers.
(B) A
representative with experience in the field of investments.
(C) A
representative of an association representing employees.
(D) A public
member who is retired.
(c) A member of
the Senate appointed by the President of the Senate to be a nonvoting advisory
member of the board.
(d) A member of
the House of Representatives appointed by the Speaker of the House of
Representatives to be a nonvoting advisory member of the board.
(2) Members of
the board appointed by the Governor must be confirmed by the Senate in the
manner prescribed in ORS 171.562 and 171.565.
(3) The term of
office of each member of the board appointed by the Governor is four years, but
a member serves at the pleasure of the Governor. A member is eligible for
reappointment. If there is a vacancy for any cause, the Governor shall make an
appointment to become immediately effective for the unexpired term.
(4) Each
legislative member serves at the pleasure of the appointing authority and may
serve as long as the member remains in the chamber of the Legislative Assembly
from which the member was appointed.
(5) The State
Treasurer or the designee appointed to the board under subsection (1) of this
section shall serve as chairperson of the board.
(6) A majority of
the voting members of the board constitutes a quorum for the transaction of
business.
(7) A member of
the board appointed by the Governor is entitled to compensation and expenses as
provided in ORS 292.495. A legislative member shall receive compensation and
expenses as provided in ORS 171.072.
(8) The office of
the State Treasurer shall provide staff support to the board. [2015 c.557 §1]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 178.200
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
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