To: All staff members

The New Canada Savings Bonds Payroll Program

The new series of Canada Savings Bonds goes on sale shortly and, once again, our University is pleased to offer every employee the opportunity to save easily and securely through automatic payroll deduction.

The New Canada Savings Bonds Payroll Program is very flexible and includes a Customer Service hotline for employees and interest calculated on a daily basis.

Saving is an important part of planning for tomorrow, and the Payroll Savings Program is one of the simplest and most effective methods available to help you reach your financial goals. Your bond purchase amount is deducted from each pay and credited to your savings plan, starting to earn interest right away. Redemptions can be arranged easily by calling Customer Service: 1-877-899-3599.

You too can reap the benefits of the new Payroll Savings Program.

All it takes is:

• Placing a call to the Payroll Office at 514-398-3751 to request that an application form be sent to you; or visit our offices at 688 Sherbrooke Street West, Suite 1520 to pick one up.
• Deciding how much you want to contribute per pay. Deductions will be made automatically at every pay cycle, starting on December 1st and continuing until you decide to amend the amount or tell us you want to discontinue.
• Completing the application form, noting the amount of contributions and registration details. Also note that there is a minimum contribution - as little as $2 if you're paid weekly, $8 if you're paid monthly.
• Supplying the Social Insurance Number and home address of every bondholder for whom you are making contributions, in compliance with income tax legislation.
• Returning your signed application form to Lydia Abonader at the Payroll Office, Department of Human Resources, 688 Sherbrooke Street West, Suite 1520, Montreal (Quebec) H3A 3R1 no later than October 20th, 2000.
• Calling Customer Service at 1-877-899-3599 for expert answers to any questions you may have.
• Enjoying the security, ease, built-in discipline and flexibility of reaching your savings goals through the Payroll Savings Program.

If you are already purchasing bonds through the new Payroll Savings Program and you do not want to make any changes, you do not need to fill out a new application form and your current deductions will continue. If you do want to make changes to your current deductions you will need to complete the Payroll Deduction Change Form available from the Payroll Office and return it to Lydia Abonader.

Sincerely,

Robert Savoie
Executive Director, Department of Human Resources