Through the Payroll Savings Plan, University employees have the opportunity to purchase United States Savings Bonds.

Employees may purchase Savings Bonds for $100, $200, $500, or $1000 and may choose to have any amount deducted from their pay each month.  Once contributions accumulate to half the bond price, a bond will be purchased and mailed to the address indicated.

Deductions for Savings Bonds are only taken once a month.  For Bi-Weekly Employees, this deduction is taken from the first pay each month.

Employees may start, stop or change their Savings Bond Deductions at anytime.

Please contact PEB for more details and enrollment forms for this plan.