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SEIU Local 503 and Oregon Credit Unions back Treasury budget and financial‑empowerment work
Summary
During the public hearing on Senate Bill 5542 on April 3, Mike Powers of SEIU Local 503 urged approval of the governor's recommended Treasury budget and specifically supported POP 106 for investment services capacity. Pam Levitt of Oregon Credit Unions praised the Treasury's financial education work and the financial wellness scorecard.
At the public hearing for Senate Bill 5542 on April 3, two outside witnesses spoke in support of the Treasury's recommended budget and its financial‑empowerment efforts.
Mike Powers, immediate past president and policy strategist for SEIU Local 503, said the Treasury's work is "of very great importance" to union members, many of whom participate in PERS or Oregon Saves. Powers urged the committee to approve the governor's recommended budget and the Treasury's policy option packages, singling out POP 106 (investment services capacity) as critical to improving risk analysis and transparency related to climate and fossil‑fuel risks.
Pam Levitt, representing Oregon Credit Unions, said credit unions have partnered with the Treasury on financial literacy for decades and praised the financial wellness scorecard and recent progress on financial education. Levitt told the committee she is "excited" by recent advances and thanked the Treasury for leadership on outreach.
Ending: Both testimonies were brief and placed on the record for SB 5542; neither requested changes to law at the hearing.
