SAVINGS BONDS UPDATE
The United States Treasury should have contacted you under a separate mailing to your home address. I am providing the following information for those individuals that did not receive communication from the US Treasury.
Payroll Savings for Paper Savings Bonds
The United States Treasury is ending the sale of paper savings bonds through traditional employer-based payroll savings plans by September 30, 2010 for federal employees and December 31, 2010 for all others (Brevard Public Schools).
As part of the "Go Green, Save Green" initiative, the Treasury will stop issuing paper savings bonds through employer-sponsored payroll savings plans. Printing fewer paper bonds reduces the cost of the savings bond program and fits with the long-term goal of one day issuing all securities electronically.
As of December 31, 2010, you will no longer be able to purchase paper savings bonds through payroll deduction.. To continue buying savings bonds electronically through Payroll, the Treasury is encouraging payroll savers to set up an online savings program. If you are interested in a direct deposit deduction instead, please connect to the Treasury at TreasuryDirect Payroll for further instructions.
To see the Treasuries FAQ.
Paper savings bonds will remain available for purchase through financial institutions.