reglab/housing_qa huggingface dataset:
OR Rev Stat § 178.200 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.200 - 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]
OR Rev Stat § 178.205 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.205 - Powers and duties of Oregon Retirement Savings Board; rules.

(1) The Oregon Retirement Savings Board shall develop a defined contribution retirement plan for persons employed for compensation in this state and conduct a market and legal analysis of the plan. (2) The board shall have the following powers: (a) To establish, implement and maintain the plan developed under this section. (b) To adopt rules for the general administration of the plan as provided in ORS 178.215. (c) To direct the investment of the funds contributed to accounts in the plan consistent with the investment restrictions established by the board. The investment restrictions must be consistent with the objectives of the plan, and the board shall exercise the judgment and care then prevailing that persons of prudence, discretion and intelligence exercise in the management of their own affairs with due regard to the probable income and level of risk from certain types of investments of money, in accordance with the policies established by the board. (d) To collect application, account or administrative fees to defray the costs of administering the plan. (e) To make and enter into contracts, agreements or arrangements, and to retain, employ and contract for any of the following considered necessary or desirable, for carrying out the purposes set forth in ORS 178.200 to 178.260: (A) Services of private and public financial institutions, depositories, consultants, investment advisers, investment administrators and third-party plan administrators. (B) Research, technical and other services. (C) Services of other state agencies to assist the board in its duties. (f) To evaluate the need for, and procure as needed, pooled private insurance of the plan. (g) To develop and implement an outreach plan to gain input and disseminate information regarding the plan and retirement savings in general. (h) To request that the Commissioner of the Bureau of Labor and Industries investigate an employer under ORS 178.255 to determine the employer’s compliance with the requirements of the defined contribution retirement plan developed under this section, if, after three attempts, using different means of communication when available, to bring the employer into compliance, the board has reasonable grounds to believe that the employer remains in violation of the requirements of the plan. (i) To enter into agreements with other states to provide services to the other states related to retirement savings plans administered by the other states and similar to the plan developed under this section. [2015 c.557 §2; 2019 c.149 §6; 2019 c.512 §1]
OR Rev Stat § 178.210 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.210 - Requirements for Oregon Retirement Savings Plan.

(1) The plan developed and established by the Oregon Retirement Savings Board under ORS 178.205 must: (a) Allow eligible individuals employed for compensation in this state to contribute to an account established under the plan through payroll deduction. (b) Require an employer to offer its employees the opportunity to contribute to the plan through payroll deductions unless the employer offers a qualified retirement plan, including but not limited to a plan qualified under section 401(a), section 401(k), section 403(a), section 403(b), section 408(k), section 408(p) or section 457(b) of the Internal Revenue Code. (c) Provide for automatic enrollment of employees and allow employees to opt out of the plan. (d) Have a default contribution rate set by the board by rule. (e) Offer default escalation of contribution levels that can be increased or decreased within the limits allowed by the Internal Revenue Code. (f) Provide for contributions to the plan to be deposited directly with the investment administrator for the plan. (g) Whenever possible, use existing employer and public infrastructure to facilitate contributions to the plan, recordkeeping and outreach. (h) Require no employer contributions to employee accounts. (i) Require the maintenance of separate records and accounting for each plan account. (j) Provide for reports on the status of plan accounts to be provided to plan participants at least annually. (k) Allow for account owners to maintain an account regardless of place of employment and to roll over funds into other retirement accounts. (L) Pool accounts established under the plan for investment. (m) Be professionally managed. (n) Provide that the State of Oregon and employers that participate in the plan have no proprietary interest in the contributions to or earnings on amounts contributed to accounts established under the plan. (o) Provide that the investment administrator for the plan is the trustee of all contributions and earnings on amounts contributed to accounts established under the plan. (p) Not impose any duties under the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.) on employers. (q) Keep administration fees in the plan low. (r) Allow the use of private sector partnerships to administer and invest the contributions to the plan under the supervision and guidance of the board. (s) Allow employers to establish an alternative retirement plan for some or all employees. (2) The plan, the board, each board member and the State of Oregon may not guarantee any rate of return or any interest rate on any contribution. The plan, the board, each board member and the State of Oregon may not be liable for any loss incurred by any person as a result of participating in the plan. [2015 c.557 §3]
OR Rev Stat § 178.215 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.215 - Rules for Oregon Retirement Savings Plan.

The Oregon Retirement Savings Board shall adopt rules that: (1) Establish the process for voluntary enrollment in the plan developed under ORS 178.205, including procedures for automatic enrollment of employees and for employees to opt out of the plan. (2) Establish the process for participants to make the default contributions to plan accounts and to adjust the contribution levels. (3) Establish the process for employers to withhold employee contributions to plan accounts from employees’ wages and send the contributions to the investment administrator for the plan. (4) Establish the process for allowing employees to opt out of enrollment in the plan. (5) Establish the process for participants to make nonpayroll contributions to plan accounts. (6) Set minimum, maximum and default contribution levels in accordance with limits established by the Internal Revenue Code. (7) Establish the process for withdrawals from plan accounts. (8) Establish the process and requirements for an employer to obtain an exemption from offering the plan if the employer offers a qualified retirement plan, including but not limited to a plan qualified under section 401(a), section 401(k), section 403(a), section 403(b), section 408(k), section 408(p) or section 457(b) of the Internal Revenue Code. (9) Mandate the contents and frequency of required disclosures to employees, employers and other plan participants. These disclosures must include, but need not be limited to: (a) The benefits and risks associated with making contributions to the plan; (b) Instructions for making contributions to the plan; (c) How to opt out of the plan; (d) How to participate in the plan with a level of contributions other than the default rate; (e) The process for withdrawal of retirement savings; (f) How to obtain additional information about the plan; (g) That employees seeking financial advice should contact financial advisers, that participating employers are not in a position to provide financial advice and that participating employers are not liable for decisions employees make pursuant to ORS 178.200 to 178.260; (h) That the plan is not an employer-sponsored retirement plan; (i) That the plan accounts and rate of return are not guaranteed by the state; and (j) That employees may file a complaint under ORS 178.250 to report an employer’s failure to offer an opportunity to contribute to the plan developed under ORS 178.205 or another qualified retirement plan. [2015 c.557 §4; 2019 c.149 §7]
OR Rev Stat § 178.220 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.220 - Confidentiality of account information.

Individual account information for accounts under the plan developed under ORS 178.205, including but not limited to names, addresses, telephone numbers, personal identification information, amounts contributed and earnings on amounts contributed, is confidential and must be maintained as confidential: (1) Except to the extent necessary to administer the plan developed under ORS 178.205 in a manner consistent with ORS 178.200 to 178.260, the tax laws of this state and the Internal Revenue Code; or (2) Unless the person who provides the information or is the subject of the information expressly agrees in writing that the information may be disclosed. [2015 c.557 §5]
OR Rev Stat § 178.225 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.225 - Oregon Retirement Savings Plan Administrative Fund.

(1) The Oregon Retirement Savings Plan Administrative Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Retirement Savings Plan Administrative Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Retirement Savings Board. (2) The Oregon Retirement Savings Plan Administrative Fund consists of: (a) Moneys appropriated to the fund by the Legislative Assembly; (b) Moneys transferred to the fund from the federal government, other state agencies or local governments; (c) Moneys from the payment of fees and the payment of other moneys due the board; (d) Any gifts or donations made to the State of Oregon for deposit in the fund; (e) Earnings on moneys in the fund; and (f) Moneys from civil penalties recovered under ORS 178.990. (3) The board may use the moneys in the fund to pay the administrative costs and expenses of the board and the plan developed under ORS 178.205 and for any other purpose described in ORS 178.200 to 178.260. [2015 c.557 §6; 2019 c.149 §8]
OR Rev Stat § 178.230 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.230 - Prerequisites to establishment of Oregon Retirement Savings Plan.

(1) Before establishing a plan developed under ORS 178.205, the Oregon Retirement Savings Board shall: (a) Conduct a market analysis to determine: (A) The feasibility of the plan. (B) Whether and to what extent plans with the characteristics described in ORS 178.210 currently exist in the private market. (b) Obtain legal advice regarding the applicability of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1001 et seq.) and the Internal Revenue Code to the plan. (c) Investigate whether employers that are not required to participate in the plan can make the plan available to their employees. (d) Investigate how to allow individuals who are not automatically enrolled in the plan to opt in to the plan and make contributions to an account, either through payroll contributions or another method of contribution. (2) The board shall coordinate with the efforts of other states as those states pursue legal guidance for similar retirement savings programs. [2015 c.557 §7]
OR Rev Stat § 178.235 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.235 - Annual reports.

The Oregon Retirement Savings Board shall report in each calendar year to the Governor and to an appropriate committee or interim committee of the Legislative Assembly detailing the board’s activities. [2015 c.557 §8]
OR Rev Stat § 178.240 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.240 - Preemption.

A local government, as defined in ORS 174.116, may not establish or offer any retirement plan for persons not employed by a public body as defined in ORS 174.109. [2015 c.557 §9]
OR Rev Stat § 178.245 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.245 - Assistance of state agencies with outreach, technical assistance and compliance services.

The Secretary of State, the Department of Revenue, the Employment Department, the Department of Consumer and Business Services, the Bureau of Labor and Industries and any other agency that enters into an intergovernmental agreement with the Oregon Retirement Savings Board to provide outreach, technical assistance or compliance services shall collaborate to provide the outreach, technical assistance or compliance services to the board. [2015 c.557 §10]
OR Rev Stat § 178.250 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.250 - Compliance with plan; complaints.

(1) It is an unlawful practice under ORS chapter 659A for an employer to fail to comply with the requirements of the plan developed under ORS 178.205. (2) An employee may file a complaint with the Commissioner of the Bureau of Labor and Industries in the manner provided by ORS 659A.820, alleging an unlawful practice under this section. A complaint may not be filed earlier than two years following the date by which an employer is required to register with the plan, as prescribed by the Oregon Retirement Savings Board by rule. [2019 c.149 §2]
OR Rev Stat § 178.255 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.255 - Investigation by Commissioner of Bureau of Labor and Industries; civil penalty.

(1) Upon receiving an employee complaint under ORS 178.250 or upon request of the Oregon Retirement Savings Board under ORS 178.205, the Commissioner of the Bureau of Labor and Industries may make inquiries and investigations in the same manner as provided under ORS 659A.835. (2) If the commissioner issues a final order determining that an employer engaged in an unlawful practice under ORS 178.250, the commissioner may impose civil penalties under ORS 178.990. [2019 c.149 §3]
OR Rev Stat § 178.260 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.260 - Final orders relating to compliance.

(1) The Commissioner of the Bureau of Labor and Industries shall inform the Oregon Retirement Savings Board of any final orders issued under ORS 178.255. (2) The board shall include the commissioner’s final order determinations related to employers’ compliance in the annual reports described in ORS 178.235. [2019 c.149 §4]
OR Rev Stat § 178.300 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.300 - Definitions for ORS 178.300 to 178.360.

As used in ORS 178.300 to 178.360: (1) "Account" means an individual account established in accordance with ORS 178.300 to 178.360. (2) "Account owner" means the person who has the right to withdraw funds from the account. The account owner may also be the designated beneficiary of the account. (3) "Board" means the Oregon 529 Savings Board established under ORS 178.310. (4) "Designated beneficiary" means, except as provided in ORS 178.350, the individual designated at the time the account is opened as having the right to receive a qualified withdrawal for the payment of qualified higher education expenses, or if the designated beneficiary is replaced in accordance with ORS 178.350, the replacement. (5) "Financial institution" means a bank, a commercial bank, a national bank, a savings bank, a savings and loan, a thrift institution, a credit union, an insurance company, a trust company, a mutual fund, an investment firm or other similar entity authorized to do business in this state. (6) "Higher education institution" means an eligible education institution as defined in section 529(e)(5) of the Internal Revenue Code. (7) "Internal Revenue Code" means the federal Internal Revenue Code as amended and in effect on April 1, 2021. (8) "Member of the family" shall have the same meaning as contained in section 529(e) of the Internal Revenue Code. (9) "Network" means the Oregon 529 Savings Network established under ORS 178.305. (10) "Nonqualified withdrawal" means a withdrawal from an account that is not a qualified withdrawal. (11) "Qualified higher education expenses" means tuition and other permitted expenses as set forth in section 529(e) of the Internal Revenue Code for the enrollment or attendance of a designated beneficiary at a higher education institution, expenses associated with registered apprenticeship programs described in section 529(c)(8) of the Internal Revenue Code and amounts paid as principal or interest on a qualified education loan to the extent allowed under section 529(c)(9) of the Internal Revenue Code. (12) "Qualified withdrawal" means a withdrawal made as prescribed under ORS 178.355 and made: (a) From an account to pay the qualified higher education expenses of the designated beneficiary; (b) As the result of the death or disability of the designated beneficiary; (c) As the result of a scholarship, allowance or payment described in section 135(d)(1)(A), (B) or (C) of the Internal Revenue Code that is received by the designated beneficiary, but only to the extent of the amount of the scholarship, allowance or payment; or (d) As a rollover or change in the designated beneficiary described in ORS 178.350. [Formerly 348.841; 2016 c.33 §1; 2017 c.527 §1; 2018 c.101 §1; 2019 c.319 §1; 2021 c.456 §1]
OR Rev Stat § 178.305 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.305 - Oregon 529 Savings Network.

(1) It is the intent of the Legislative Assembly, in enacting ORS 178.300 to 178.360, 178.375 and 178.380, to create a savings program called the Oregon 529 Savings Network. (2) The Oregon 529 Savings Network shall consist of: (a) A higher education qualified tuition savings program: (A) That increases the ability of families and individuals to save for higher education. (B) In which the earnings on contributions of network participants are exempt from state income taxation. (C) That utilizes the private sector to administer and invest the contributions to the network under the guidance of the Oregon 529 Savings Board. (D) In which the contributions and earnings are held by the network in trust for the benefit of designated beneficiaries and account owners for the uses and purposes set forth in ORS 178.300 to 178.360, and for no other benefit, use or purpose. (b) A qualified ABLE program established under ORS 178.380, under which individuals with disabilities may establish ABLE accounts to be used for disability-related expenses. [Formerly 348.844]
OR Rev Stat § 178.310 (2021)
2021 Oregon Revised Statutes|Volume : 05 - State Government, Government Procedures, Land Use|Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network|Section 178.310 - Oregon 529 Savings Board; membership.

(1) There is established the Oregon 529 Savings Board to administer ORS 178.300 to 178.360, 178.375 and 178.380. (2) The board shall consist of: (a) The State Treasurer or a designee of the State Treasurer; (b) A representative of persons with intellectual disabilities or other developmental disabilities, who shall be appointed by the State Treasurer; (c) A representative of accredited private colleges and universities located in this state, who shall be appointed by the State Treasurer; and (d) Two public members, who by reason of their education and experience are qualified to serve, and who shall be appointed by the State Treasurer. (3) The State Treasurer shall designate the board chairperson from among the members of the board. The chairperson shall serve at the pleasure of the State Treasurer. (4) Members of the board appointed by the State Treasurer serve at the pleasure of the State Treasurer for a term of office of three years. Members of the board may be reappointed to subsequent terms. (5) The State Treasurer shall provide staff and assistance to the board in the administration of the Oregon 529 Savings Network, including the qualified ABLE program established under ORS 178.380, as directed by the board. (6) A member of the board is entitled to compensation and expenses as provided in ORS 292.495. (7) A majority of the members of the board constitutes a quorum for the transaction of business. [Formerly 348.849]