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State Task Force on Retirement Seeks Professors’ Expertise

from Around the O, July 31, 2014

Two UO faculty members recently testified before a state task force looking at ways to address a potentially serious savings shortfall among residents nearing retirement age.

Finance professor John Chalmers and economics professor Bill Harbaugh appeared before the Joint Interim Task Force on Oregon Retirement Savings at the state capitol July 15. They shared their research with a presentation “Promoting Retirement Savings: What Works and Why.”

Nearly half of all working Oregonians have no access to an employer-sponsored retirement savings plan. And 26 percent of residents between ages 45 and 64 have accumulated savings of less than $25,000, according to a survey by Oregon AARP.

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