Each pay period we receive several calls regarding some facet of the bond process. To answer your questions and assist you in providing the appropriate customer service to your employees, we have outlined the entire bond process. In addition, we will be giving you access to view your employee's bond information via computer terminal as soon as we can make the necessary program changes.
Savings Bonds are available for all state employees.
The purchase price of a bond is half the denomination of the bond. To start payroll deductions for Savings Bonds, a completed Savings Bonds card must be submitted to Payroll Support. Payroll Support receives bond deductions on payday and prints the bonds the following Tuesday. The bonds are generally ready for distribution to agencies by the end of that week. In order to maintain the security of the Savings Bonds, we will require that all local agencies pick up and sign for their bonds.