Payroll and Employee Benifits

U.S. Savings Bonds

The U.S. Department of the Treasury has announced it will stop issuing paper savings bonds through employer-sponsored payroll savings plans as of January 1, 2011. After December 2010 orders for paper payroll savings bonds will no longer be accepted and remaining funds will be returned to you for redistribution. To comply with these new regulations, Ball State University Payroll Deduction for the current savings bond program will end November 30, 2010.

While paper payroll saving bonds will no longer be available, employees will still have the opportunity to invest in savings bonds and other Treasury securities through TreasuryDirect. This convenient and secure web-based system allows you to purchase, manage, and redeem electronic (paperless) savings bonds 24/7. Using TreasuryDirect, you can also purchase Treasury marketable securities (bills, notes, bonds and TIPS) to expand your savings portfolios.

Please visit the TreasuryDirect website if you are interested in setting an account.