TITLE: Savings Bond Deduction
Any employee of the Fifth Judicial District Department of Correctional Services who works thirty (30) or more hours a week is eligible to purchase U.S. Savings Bonds through payroll deduction. Bonds may only be purchased in $100.00 increments (purchase price of $50.00). The Department shall deduct the employee’s share from each paycheck and forward it to the Federal Reserve.
- The purchase of U.S. Savings Bonds may be made bi-weekly or monthly. To achieve a bi-weekly purchase, the employee’s deduction must be at least $50.00. To achieve a monthly purchase, the bi-weekly deduction amount needs to be $25.00.
- An employee wishing to purchase or make changes to deductions for U.S. Savings Bonds, through payroll deduction, shall fill out the necessary forms provided by the Accounting Technician.
- Additional information regarding the U.S. Savings Bond program can be obtained from the Accounting Technician.