Savings Bond Set Up and Processing
Calculation Rule: 40 (Flat Amount Bond Purchase)
Definition of Options and Amounts: Amt 1 – Employee Deduction Amount (Required)
Amt 2 – Annual Deduction Limit (Optional)
Amt 3 – Purchase Amount of Bond (Required)
Amt 4 – Not Used
Option 1 - # of Bonds to be Purchased (Display field only)
Set up on PDADEDN: Amount Field 1 enter in the Employee Per Pay Period Deduction Amount
Amount Field 2 enter in the Annual Deduction Limit if needed
Amount Field 3 enter in the Bond Purchase Amount
Payroll Processing: Process Payroll as normal. After completion of PHPUPDT, Option Field 1 on PDADEDN will be updated to reflect the total number of savings bonds (based on what was in the savings bond balance field and the purchase amount of the bond) that need to be purchased. PHPUPDT will also update the savings bond balance field.
PHPBOND: After the payroll cycle is at least at a disposition 60 (Finance Extract), the PHPBOND process can be run.
Parameter Value
01 Purchase as of Date Enter date value as of which bonds should be purchased
Once PHPBOND has been run for that pay period, Option Field 1 will be set back to 0 (zero).
PHPBOND will produce a list of bonds to purchase, for whom and the remaining savings bond balance for that employee.
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