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The Oregon Retirement Savings Board announced that $5 million of the American Rescue Plan Act are being disbursed by Oregon’s Department of Early Learning and Care to fund the OregonSaves retirement accounts of more than 900 Oregon childcare service providers

by Ted Wolfson
February 13, 2024
in Oregon
The Biden Administration announced its commitment to partner with Six Sovereigns on actions that address the urgency of the salmon, climate, and Tribal justice crises facing the Columbia River Basin
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Astoria, OR – according to the state officials, the funding was secured via negotiations by the American Federation of State, County and Municipal Employees union and their Child Care Providers Together group and was championed by former Oregon Governor Kate Brown.

OregonSaves was chosen as the preferred program provider for this initiative by a joint labor-management committee, tasked with choosing the most qualified retirement plan in an open market.

OregonSaves’ demonstrated commitment to the financial security of workers across the state, made it the ideal choice for directing the ARPA funds on behalf of this essential group.

The active involvement of DELC, which licenses childcare providers, added a crucial layer of support to this initiative.

The collaborative partnership with AFSCME played a pivotal role, with AFSCME taking the lead in outreach and communication, ensuring their union members were well-informed about their retirement benefit.

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