The Oregon Retirement Savings Board (ORSB) has issued an updated proposal for making a temporary extension of two deadlines related to OregonSaves permanent. The ORSB had issued the proposal on March 9.
In an April 2 letter to Oregon State Treasury Rules Coordinator Kevin Willingham, Oregon Treasury Savings Network Executive Director Michael Parker pointed out that the initial proposal left intact a May 15, 2020 due date in the discussion of determining the number of employees by employers employing four or fewer employees.
Specifically, the proposal had left unchanged a registration date of May 15, 2020 regarding employers that have no employees reported on Form OQ, the Oregon Quarterly Tax Report.
- An employer that first meets the definition of “employer” after Jan. 1, 2017, in which case the employer is to use the most recently filed Form OQ; and
- An employer with no employees reported on Form OQ.
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