Executive Division
Address: 867 Hawthorne Ave SE, Salem, 97301-5241
Phone: 503-378-4000
Contact: Michael Kaplan, Deputy State Treasurer
The division coordinates agency-wide business services including strategic planning, internal auditing and accounting, human resource functions, project management, procurement and communications.
Debt Management Division
Debt Management Division
Address: 867 Hawthorne Ave SE, Salem, 97301-5241
Phone: 503-378-3561
Contact: Jaime Alvarez, Director
The division oversees the sale, issuance and ongoing management of all state bonds, serves as a resource for debt-issuing local governments and serves as the state’s liaison to rating agencies and investors with regard to the state’s financial condition. The division’s work intersects with and is supported by the following three groups:
Municipal Debt Advisory Commission
The commission collects and reports information related to Oregon local government debt and provides policy input to the Legislature on debt matters of local governments.
Private Activity Bond Committee
The committee allocates tax-exempt private activity bond allotments provided to the state under federal tax law.
State Debt Policy Advisory Commission
The commission, chaired by the state treasurer, prepares annual reports regarding outstanding tax-supported and non-tax-supported debt and makes recommendations to the governor and Legislature regarding affordable levels of state indebtedness.
Facilities Authority, Oregon
Address: 1600 Pioneer Tower, 888 SW Fifth Ave., Portland 97204
Phone: 503-802-2102
Contact: Gwendolyn Griffith, Executive Director
The authority was created in 1989 and is empowered to issue low-cost bonds to assist nonprofit organizations with the financing of property and facilities for health, housing, education and culture. The authority reviews proposed projects and makes recommendations to the state treasurer about the issuance of bonds.
Finance Division
Address: 867 Hawthorne Ave SE, Salem, 97301-5241
Phone: 503-378-4633
Contact: Cora Parker, Director
The division provides cash management services to all Oregon state agencies and hundreds of Oregon local government entities, including cities, counties, schools and special districts. The division also helps protect public funds deposited at private banks and credit unions through collateralization requirements governed by ORS chapter 295. As the central bank for state agencies, the division manages millions of financial transactions annually, including cash deposits, electronic fund transfers and check issuance. The division also administers the Local Government Investment Pool, which provides a short-term investment vehicle for local governments for the period between when revenue is received and when it is needed to pay public bills.
Short Term Fund Board
Address: 867 Hawthorne Ave SE, Salem, 97301-5241
Phone: 503-431-7900
Fax: 503-378-2870
Contact: Heidi Rawe
The board advises the state treasurer and the Oregon Investment Council in the management and investments of the Oregon Short Term Fund and the Local Government Investment Pool. The treasurer serves as an ex officio member and appoints three members to the board. The governor appoints the remaining three members.
Investment Division
Address: 16290 SW Upper Boones Ferry Rd., Tigard 97224
Phone: 503-431-7900
Contact: Rex Kim, Chief Investment Officer
The division manages the financial and real asset portfolios comprised by the Public Employees Retirement Fund, State Accident Insurance Fund, Oregon Short Term Fund, Common School Fund and numerous other state and agency accounts. On December 31, 2021 the combined market value of these funds totaled $139.1 billion. Each managed fund has a unique risk and return profile and is broadly diversified across asset class, geography and investment strategy. The division also manages the investment program for the state’s deferred compensation plan, serves as staff for the Oregon Investment Council and strives to save taxpayers and beneficiaries money by meeting each fund’s specific investment objective at the lowest possible net cost.
Investment Council, Oregon
Address: 16290 SW Upper Boones Ferry Rd., Tigard 97224
Phone: 503-378-4000
Contact: Rex Kim, Chief Investment Officer
The council sets policy for all state investment trust funds and discharges its responsibilities consistent with state law and governing fiduciary standards. The state treasurer and director of the Public Employees Retirement System are ex officio council members, and the governor appoints four members whose service is subject to Senate confirmation. The council approves guidelines for all state investment activities and delegates day-to-day management authority to the Office of the State Treasurer’s Investment Division.
Oregon Savings Network
Address: 867 Hawthorne Ave SE, Salem, Or 97301-5241
Phone: 503-373-1903
Contact: Ryan Mann, Executive Director
The Oregon Savings Network was created to increase the ability of Oregonians to save for a variety of significant future needs, including college, disability-related expenses and retirement. The network offers a number of unique financial tools and investment options that can provide state and federal tax advantages and more flexibility than many other savings vehicles.
Oregon offers two 529 college savings plans: the Oregon College Savings Plan, which is sold directly to investors, and the MFS 529 Savings Plan, sold exclusively through financial advisors. Both plans operate independently of each other but are governed by the same state and federal laws.
The Oregon ABLE (Achieving a Better Life Experience) Savings Plan was launched in 2016 and gives disabled Oregonians the ability to save and receive the same tax benefits. In addition, under federal law, as much as $100,000 in assets may be saved in ABLE accounts and not jeopardize eligibility for vital public assistance programs.
OregonSaves is a convenient, simple way for Oregonians to save for retirement at work. Employees contribute part of their paycheck into their own personal IRAs that stay with them throughout their careers. The program also benefits employers who don't offer a qualified retirement plan by helping them compete with businesses that do. The program is overseen by the Oregon Retirement Savings Board and administered by a program service provider.