R 031845Z AUG 10
UNCLASSIFIED//
MARADMIN 434/10
MSGID/GENADMIN,USMTF,2007/CMC WASHINGTON DC MRA MP//
SUBJ/CHANGES TO THE PAYROLL U.S. SAVINGS BOND PROGRAM//
REF/A/MSGID:DOC/TREASURY RETAIL SECURITIE SITE/YMD:20100401//
AMPN/REF A IS U.S. TREASURY TRANSITION GUIDE FOR FEDERAL AGENCY PAYROLL ADMINISTRATORS//
POC/DFAS-JFLG/CL/-/-/TEL:(216) 522-5663//
GENTEXT/REMARKS/1. PURPOSE.  THIS MARADMIN ANNOUNCES CHANGES TO THE PAYROLL U.S. SAVINGS BOND PROGRAM.
2.  BACKGROUND.  PER THE REF, THE U.S. DEPARTMENT OF TREASURY ANNOUNCED THEY WILL STOP ISSUING PAPER SAVINGS BONDS VIA PAYROLL DEDUCTIONS THROUGH THE FEDERAL AND DEFENSE FINANCE AND ACCOUNTING SERVICE (DFAS) PAYROLL SAVINGS PLANS AS OF SEPTEMBER 30, 2010.  THIS APPLIES TO THE ENTIRE FEDERAL WORKFORCE BOTH MILITARY AND CIVILIAN EMPLOYEES.  THIS CHANGE WILL REDUCE THE COSTS ASSOCIATED WITH THE U.S. SAVINGS BOND PROGRAM AND SUPPORT THE TREASURY'S LONG-TERM PLAN TO ISSUE ALL SECURITIES ELECTRONICALLY.
3.  ELECTRONIC U.S. SAVINGS BONDS VIA TREASURY DIRECT.  WHILE DIRECT SAVINGS BOND PAYROLL DEDUCTIONS WILL NO LONGER BE AVAILABLE, MARINES AND CIVILIAN MARINES STILL HAVE THE OPPORTUNITY TO INVEST IN ELECTRONIC SAVINGS BONDS AND OTHER TREASURY SECURITIES THROUGH TREASURY DIRECT.  THIS CONVENIENT AND SECURE WEB-BASED SYSTEM ALLOWS MEMBERS TO PURCHASE, MANAGE AND REDEEM ELECTRONIC SAVINGS BONDS ONLINE.
    A.  AFTER ESTABLISHING A TREASURY DIRECT ACCOUNT AND OBTAINING A ROUTING NUMBER AT WWW.TREASURYDIRECT.GOV, MEMBERS CAN FUND THEIR NEW ACCOUNT VIA A SAVINGS ALLOTMENT ('S' ALLOTMENT) USING MYPAY.
    B.  MARINES SERVING ON ACTIVE DUTY (31 OR MORE CONTINUOUS DAYS) WILL HAVE PAYROLL DEDUCTIONS AND THE ISSUANCE OF SAVINGS BONDS TERMINATED WITHIN MCTFS ON SEPTEMBER 30, 2010.
    C.  THIS DOES NOT AFFECT MARINES NOT ON ACTIVE DUTY OR ON ACTIVE DUTY FOR LESS THAN 31 CONTINUOUS DAYS SINCE THEY CANNOT ESTABLISH PAYROLL DEDUCTIONS OR SAVINGS ALLOTMENTS.
    D.  RETIRED MARINES WILL HAVE PAYROLL DEDUCTIONS TERMINATED WITHIN DEFENSE RETIRED AND ANNUITANT PAY SYSTEM (DRAS) ON JULY 31, 2010.
    E.  CIVILIAN MARINES WILL HAVE PAYROLL DEDUCTIONS TERMINATED WITHIN DEFENSE CIVILIAN INTELLIGENCE PERSONNEL SYSTEM (DCIPS) ON AUGUST 31, 2010.
4.  MYPAY.  EFFECTIVE IMMEDIATELY, MEMBERS MAY INVEST IN ELECTRONIC SAVINGS BONDS BY STARTING AN 'S' ALLOTMENT VIA MYPAY TO FUND THEIR TREASURY DIRECT ACCOUNT.  NOTE - ONLY ONE ALLOTMENT IS NEEDED WHEN PURCHASING MULTIPLE SAVINGS BONDS.  THE FUNDS WILL BE AUTOMATICALLY SENT TO THE MEMBER'S TREASURY DIRECT ACCOUNT.  FROM THAT ACCOUNT, THE MEMBER THEN DIRECTS HOW THE FUNDS WILL BE DISTRIBUTED TO PURCHASE THE NUMBER AND DENOMINATION OF SAVINGS BONDS DESIRED OR THE PURCHASE OF OTHER SECURITIES(E.G., ONE 200 DOLLAR ALLOTMENT MAY PURCHASE TWO 100 DOLLAR SAVINGS BONDS OR FOUR 50 DOLLAR SAVINGS BONDS).
    A.  THE ABILITY TO INITIATE A SAVINGS BOND PAYROLL DEDUCTION PURCHASE VIA MYPAY WILL TERMINATE JULY 31, 2010, SUCH ATTEMPTS AFTER THE TERMINATION DATE WILL PRODUCE AN ON-SCREEN NOTIFICATION BANNER DIRECTING THE USER TO THE U.S. TREASURY WEBSITE (WWW.TREASURYDIRECT.GOV) FOR ADDITIONAL INFORMATION. 
    B.  THE ABILITY TO PERFORM CHANGE OF ADDRESS ON PREVIOUSLY PURCHASED PAPER SAVINGS BONDS VIA MYPAY HAS BEEN REMOVED DUE TO THE U.S. TREASURY NO LONGER OFFERING THE MAILING OF PAPER BONDS TO SPECIFIC ADDRESSES BEGINNING 1 OCTOBER 2010.
5.  MULTI-MONTH SAVINGS BOND PURCHASE PLANS.  CURRENT PURCHASE PLANS VIA PAYROLL DEDUCTIONS THAT WILL NOT BE COMPLETED PRIOR TO 30 SEPTEMBER 2010 WILL BE SYSTEMATICALLY SHUTDOWN AND ANY FUNDS WITHHELD WILL AUTOMATICALLY BE CREDITED BACK TO THE MEMBER'S PAY ACCOUNT.  THIS PROCESS IS ALREADY IN EFFECT.
6.  BOND CARRYOVER PENDING RETIREMENT.  THE RETIRED AND ANNUITANT PAY SECTION WILL TERMINATE ALL SAVINGS BOND PURCHASE PLANS EFFECTIVE JULY 31, 2010.  ADDITIONAL INFORMATION WILL BE PROMULGATED TO ALL NEWLY RETIRED MEMBERS VIA THE RETIRED AND ANNUITANT PAY SECTION'S NEWSLETTER.  MARINES RETIRING AFTER JULY 1, 2010 WILL NOT HAVE THE BOND PAYROLL DEDUCTION FORWARDED TO DFAS-CL DRAS FOR CONTINUED PAYROLL DEDUCTION.  THESE PAYROLL DEDUCTIONS WILL BE TERMINATED WITHIN MCTFS AND ANY RESULTING INCOMPLETE BOND PURCHASE PLANS FUNDS WILL BE RETURNED TO THE MARINE'S PAY ACCOUNT.
7.  BONDS HELD IN SAFEKEEPING.  SAVINGS BONDS CURRENTLY BEING HELD IN SAFEKEEPING, AND THOSE PURCHASED WITHIN MCTFS BEFORE 30 SEPTEMBER 2010, WILL NOT BE AFFECTED BY THIS CHANGE.
    A.  MARINES REQUESTING RELEASE OF BONDS HELD IN SAFEKEEPING MAY CHOOSE TO HAVE THEIR BONDS EITHER MAILED TO A DESIGNATED ADDRESS OR DEPOSITED INTO A TREASURY DIRECT ACCOUNT.
    B.  REQUESTS MAY BE MAILED OR FAXED TO THE DEFENSE FINANCE AND ACCOUNTING SERVICE, CLEVELAND CENTER (CODE: JDCAB), 1240 EAST NINTH STREET, CLEVELAND, OHIO 44199-2055, (216)522-6358 OR DSN FAX 580-5358.  QUESTIONS REGARDING THE SAFEKEEPING OF BONDS SHALL BE DIRECTED TO PHONE NUMBER (216) 522-5880 OR DSN 580-5880.
    C.  REQUESTS FOR RELEASE FROM SAFEKEEPING SHALL CONTAIN THE FOLLOWING INFORMATION:
- NAME
- LAST FOUR OF SSN (ACTIVE DUTY ONLY)
- FULL SSN (NOT ON ACTIVE DUTY)
- NUMBER OF BONDS REQUESTED (MUST BE ALL IF NOT ON ACTIVE DUTY)
- MAILING ADDRESS
    D.  CIVILIAN MARINES ARE DIRECTED TO CONTACT THEIR LOCAL CUSTOMER SERVICE REPRESENTATIVE FOR QUESTIONS ABOUT SAVINGS BONDS HELD IN SAFEKEEPING AND RETIRED MARINES ARE DIRECTED TO CALL 1-800-321-1080.
8.  THIS MESSAGE IS APPLICABLE TO THE TOTAL FORCE.
9.  RELEASE AUTHORIZED BY (SES) MR. M. F. APPLEGATE, DIRECTOR, MANPOWER PLANS AND POLICY DIVISION.//