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Can I purchase savings bonds through payroll deduction program?

April 26, 2017deduction payroll program purchase savings bonds

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Can I purchase savings bonds through payroll deduction program?

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No. The U.S. Department of Treasury (Treasury) will eliminate the employer-sponsored payroll savings plan used to purchase paper savings bonds on January 1, 2011. Because of this change, the State Controller’s Office (SCO) will withhold the final savings bond deduction from the employee’s November 2010 payroll warrant.