Human Resources & EO

Savings Bonds

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 bi-weekly pay period;
     Available on a voluntary post-tax basis; and
     Require EE Savings Bond Form.

To sign up for Savings Bonds or to learn more about them you can e-mail Pat Hanson at phanson@salemstate.edu in the Human Resources Department or contact her at extension 978.542.7229.