Changes to U.S. Military Savings Bond Program

7/19/2010

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The Army Times reports that military personnel who have an allotment to buy U.S. savings bonds with their pay must take a couple of steps before the U.S. Savings Bond Payroll Savings Plan goes all electronic by the end of August.

By July 31, you must:

• Contact your payroll officer to get copies of the necessary paperwork to handle the transition.

• Create an account on TreasuryDirect.gov, a secure website where you can purchase savings bonds and other Treasury securities.

Civilian employees paid by the Defense Finance and Accounting Service will need to take the same steps by Aug. 31; all other government employees have until Sept. 30.

Read the full Army Times article here.

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