The Savings Bond Plan is a voluntary plan that allows Commonwealth employees to authorize a post-tax deduction from their net pay to purchase U.S. Savings Bonds. Employees can purchase multiple bonds from a single deduction in the payroll system. The State Treasurer's Office issues Savings Bonds. Series EE appreciation type bonds with face values of $100, $200, $500 and $1,000 are currently available for purchase through the payroll system.
Savings Bond deductions are:
- Available through an employee's payroll office;
- Deducted in every biweekly pay period;
- Available on a voluntary post-tax basis; and
- Require EE Savings Bond Form.
U.S. Savings Bonds