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Employees in a half time or more position are eligible to participate in the savings bond payroll deduction program, provided the employee’s position requires at least 1,000 hours of work per year. Bonds are available in $100, $200, $500, $1,000, $5,000 and $10,000 denominations. The minimum amount that can be deducted each pay period is five dollars.
When Eligible: First day of employment.
Who Pays: The employee pays the entire cost of purchasing a savings bond.
Website: http://www.publicdebt.treas.gov/sav/sav.htm
Form: Savings
Bond
Payroll Savings Authorization Form (PER-14)
Related KSU Policy and Procedures Manual Chapter: 4840 United States Savings Bonds Program
