Beginning September 30, employees no longer will be able to purchase paper savings bonds through payroll deduction.
The U.S. Treasury will stop issuing paper savings bonds through employer-sponsored payroll savings plans. Instead, employees must set up a TreasuryDirect account to participate in the plan. TreasuryDirect offers a voluntary option for payroll savings, using a payroll direct deposit just like any other direct deposit.
Paper savings bonds will remain available for purchase through financial institutions.
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