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.
