Web Employee Self Service

Savings Bonds

The Savings Bonds Payroll Savings Plan allows a small portion of your pay to be automatically directed toward the purchase of Savings Bonds. It is an effective way of making your money work for you by providing security, steady interest payments and tax advantages. Interest is exempt from state and local income taxes, and federal tax is deferred until bonds are redeemed.

Effective February 2003, all newly issued Series "EE" and "I" Bonds can be redeemed after 12 months from date of purchase. In addition, Series "EE" Bonds can be exchanged for Series "HH" Bonds after 12 months from the date of purchase. If your savings bond is lost, stolen or destroyed, replacement is guaranteed. Bonds are backed by the full faith and credit of the United States Government.

To purchase/update savings bonds application through the savings bonds payroll savings plan, you need to complete one of the following Savings Bond Forms:

Series EE Savings Bond Form

Series I Savings Bond Form

This from must be submitted to:

Administrative/Support Payrolls
Attention: EFT Unit
65 Court Street, Room 1003
Brooklyn, New York 11201

You may also enroll through the Web Employee Self Service. Using your centrally active DOE outlook email id and password, you can log in to https://payrollportal.nycboe.net for employee self service. You can enroll, update or cancel your savings bond membership.

Be aware that a bond cycle must be completed before a change or a cancellation can be processed. A Bond Cycle corresponds to the completion of the goal amount of the bond. For example, if an employee has a deduction plan for the $10.00 per pay period towards the purchase of a $100.00 bond (goal amount is $50.00) and to date he/she has been deducted $30.00 towards the goal amount, a cancellation or change will only take effect after the remaining $20.00 deduction is taken, completing the goal amount.

About Us Academics Choices & Enrollment Schools in the Community Offices & Programs Division of Financial Operations Organization Achievements Standard Operating Procedures (SOP) Fiscal Affairs Payroll Administration Administrative/Support Payrolls Administrative Payroll Hourly Support Payroll Custodial Payroll Most Popular Clicks Pedagogic/School Based Payrolls Business Operations Non Public Schools Most Popular Clicks Rules & Policies Student Support, Safety, and Activities Student Performance & Accountability	Web Employee Self Service E-mail to a friend Savings Bonds The Savings Bonds Payroll Savings Plan allows a small portion of your pay to be automatically directed toward the purchase of Savings Bonds. It is an effective way of making your money work for you by providing security, steady interest payments and tax advantages. Interest is exempt from state and local income taxes, and federal tax is deferred until bonds are redeemed. Effective February 2003, all newly issued Series "EE" and "I" Bonds can be redeemed after 12 months from date of purchase. In addition, Series "EE" Bonds can be exchanged for Series "HH" Bonds after 12 months from the date of purchase. If your savings bond is lost, stolen or destroyed, replacement is guaranteed. Bonds are backed by the full faith and credit of the United States Government. To purchase/update savings bonds application through the savings bonds payroll savings plan, you need to complete one of the following Savings Bond Forms: Series EE Savings Bond Form Series I Savings Bond Form This from must be submitted to: Administrative/Support Payrolls Attention: EFT Unit 65 Court Street, Room 1003 Brooklyn, New York 11201 You may also enroll through the Web Employee Self Service. Using your centrally active DOE outlook email id and password, you can log in to https://payrollportal.nycboe.net for employee self service. You can enroll, update or cancel your savings bond membership. Be aware that a bond cycle must be completed before a change or a cancellation can be processed. A Bond Cycle corresponds to the completion of the goal amount of the bond. For example, if an employee has a deduction plan for the $10.00 per pay period towards the purchase of a $100.00 bond (goal amount is $50.00) and to date he/she has been deducted $30.00 towards the goal amount, a cancellation or change will only take effect after the remaining $20.00 deduction is taken, completing the goal amount.