Get the free Payroll Savings Bond Program Memorandum

This memorandum outlines the changes to the Payroll Savings Bond Program for State of Missouri employees, informing them that paper savings bonds will no longer be issued through payroll deduction after January 1, 2011. It provides instructions for employees to continue purchasing savings bonds via TreasuryDirect and highlights the necessary changes to the payroll deduction setup in the SAMII HR system.

How to fill out payroll savings bond program

How to fill out payroll savings bond program

1. Obtain the payroll savings bond application form from your employer or the U.S. Department of the Treasury website.
2. Fill out personal information including your name, social security number, and address.
3. Choose the type of savings bond you want to purchase (Series EE or Series I).
4. Decide on the amount you wish to contribute each pay period.
5. Sign and date the application form.
6. Submit the completed form to your employer's payroll department.

Who needs payroll savings bond program?

1. Individuals who want to save money securely and earn interest.
2. Employees looking for a systematic way to purchase U.S. savings bonds through payroll deductions.
3. People who want to contribute to their savings in a tax-advantaged manner.

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What is payroll savings bond program?

The payroll savings bond program is a systematic investment plan that allows employees to purchase U.S. savings bonds directly through payroll deductions.

Who is required to file payroll savings bond program?

Employers who participate in the payroll savings bond program are required to file it on behalf of their employees who opt to purchase bonds.

How to fill out payroll savings bond program?

To fill out the payroll savings bond program, employees need to complete the appropriate form provided by their employer, indicating the desired amount to be deducted from their pay for bond purchases.

What is the purpose of payroll savings bond program?

The purpose of the payroll savings bond program is to encourage savings among employees by providing an easy and convenient way to buy U.S. savings bonds through payroll deductions.

What information must be reported on payroll savings bond program?

Employers must report employee details such as name, Social Security number, and the amount deducted for bond purchases in the payroll savings bond program.