To: All Faculty & All Academic Professionals & All Civil Service Staff &
           All Undergrad Students & All Grad Students <everybody@illinois.edu> 
    From: "Office of Business and Financial Services" <obfs@uillinois.edu>

Reply-To: obfs@uillinois.edu
 Subject: MASSMAIL - U of I Paper Savings Bonds Program Discontinued

The U.S. Department of the Treasury will stop offering paper savings bonds 
through payroll savings plans on January 1, 2011.  Effective immediately, 
employees can no longer enroll in the savings bond program through 
National Bond & Trust (NBT), the University of Illinois' bond provider.  
You may continue to contact NBT through November 1, 2010, to request 
changes to your account or end your existing savings bond deduction.

The deduction for employees currently purchasing savings bonds will end on 
pay periods MN 11 (monthly employees pay date 11/16/2010) and BW 24 (bi-
weekly employees pay date 11/24/2010).  Employees with funds remaining in 
their account that do not allow for the purchase of a savings bond  before 
the program ends will be refunded through University Payroll and Benefits 
by January 31, 2011.

Employees who wish to continue purchasing savings bonds may do so by the 
following methods:

1. Visiting a financial institution of your choice to purchase paper 
savings bonds.

2. Using TreasuryDirect, a free online system which allows you to 
purchase, manage and redeem electronic (paperless) savings bonds 24 hours 
a day, 7 days a week.  You may set up an automatic investing plan by 
requesting TreasuryDirect to debit your personal bank account to purchase 
bonds on a schedule you choose.
	
   To learn more about electronic savings through TreasuryDirect or to 
open an account, please visit www.treasurydirect.gov.  

If you need further assistance, please contact University of Illinois 
Payroll and Benefits Customer Service at: 

Chicago Campus			312-996-7200
Springfield Campus		217-206-7211
Urbana-Champaign		217-265-6363

This mailing approved by:
The Office of the President

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