SUBJ: ELIMINATION OF THE PAPER PAYROLL SAVINGS BOND PROGRAM FOR

R 191249Z AUG 10




ALCGPSC 076/10

SUBJ: ELIMINATION OF THE PAPER PAYROLL SAVINGS BOND PROGRAM FOR

FEDERAL EMPLOYEES AND MILITARY PERSONNEL

1. THE U.S. DEPARTMENT OF THE TREASURY HAS ANNOUNCED IT WILL STOP

ISSUING PAPER SAVINGS BONDS AS OF 30 SEPTEMBER 2010. THIS CHANGE WILL

REDUCE THE COSTS ASSOCIATED WITH THE U.S. SAVINGS BOND PROGRAM AND

SUPPORTS THE TREASURY'S LONG-TERM PLAN TO ISSUE ALL SECURITIES

ELECTRONICALLY.

2. SAVINGS BONDS CONTINUE TO BE A SAFE AND EFFECTIVE WAY TO INVEST IN

YOUR FINANCIAL FUTURE. TO CONTINUE OR INITIATE A RECURRING OR

ONE-TIME SAVINGS BOND PURCHASE, CIVILIAN EMPLOYEES AND MILITARY

MEMBERS NEED TO ESTABLISH A TREASURY DIRECT ACCOUNT AT

WWW.TREASURYDIRECT.GOV. THIS CONVENIENT AND SECURE WEB-BASED SYSTEM

WILL ALLOW USERS TO PURCHASE, MANAGE, AND REDEEM ELECTRONIC

(PAPERLESS) SAVINGS BONDS ONLINE 24/7. TREASURY MARKETABLE SECURITIES

(BILLS, NOTES, BONDS, AND TREASURY INFLATION-PROTECTED SECURITIES)

CAN ALSO BE PURCHASED TO DIVERSIFY SAVINGS PORTFOLIOS.

3. FOR MILITARY MEMBERS: IF YOU CURRENTLY HAVE AN ALLOTMENT FUNDING

THE PURCHASE OF PAPER BONDS, PAY AND PERSONNEL CENTER TOPEKA WILL

STOP THE ALLOTMENT ON OR BEFORE 30 SEPTEMBER 2010. PROCEDURES ARE

BEING DEVELOPED BY PPC TO ENABLE MEMBER TO FUND AN ACCOUNT

ESTABLISHED IN TREASURY DIRECT BY A NEW ALLOTMENT. IF INTERESTED,

CONTACT YOUR SERVICING PERSONNEL OFFICE.

4. QUESTIONS CONCERNING THE CONTENT OF THIS MESSAGE MAY BE

DIRECTED TO PPC CUSTOMER CARE AT:(866) 772-8724/(785) 339-2200,

SUBMIT AN ONLINE TROUBLE TICKET AT WWW.USCG.MIL/PPC/CCB/ (ONLINE

TROUBLE TICKET/INQUIRY FORM), OR SEND AN EMAIL TO PPC-DG-CUSTOMER

CARE (AT) USCG.MIL (E-MAIL). ADDITIONAL INFORMATION ON THE TREASURY

SAVINGS BOND CHANGE IS AVAILABLE ON-LINE AT:

WWW.TREASURYDIRECT.GOV/NEWS/NEWS(UNDERSCORE)ELIMINATION(UNDERSCORE)PA

PERPAYROLLQA.HTM

5. RELEASED BY RDML D. R. MAY, COMMANDER, PERSONNEL SERVICE CENTER.

6. INTERNET RELEASE IS AUTHORIZED.