William J. Henderson
Postmaster General, CEO
May 2001
Dear Fellow Postal Employee:
During this past year we have been reminded again that stock markets are subject
to alarming ups and downs. No matter how profitable an investment in stocks
may appear, it cannot guarantee us a secure future.
Purchasing U.S. Savings Bonds through payroll deduction can provide a guaranteed
foundation for you and your family's personal savings program. A personal savings
program that includes savings bonds is a smart addition to retirement programs
like the Thrift Savings Plan and individual retirement accounts. In addition,
savings bonds can be an excellent way to save for your child's or grandchild's
college education.
You pay no state or local income taxes on savings bond interest- and no federal
tax (for up to 30 years) until you cash the bonds.Saving through payroll deductions
makes saving easier. Six million Americans, including more than 200,000 postal
employees, enjoy the advantages of savings bonds because they invest in them
regularly through payroll savings programs.
You recently received a mailing with an article entitled "Value In A .Com
World," which explained many of the benefits of savings bonds. On the other
side of this article was a comparison of popular consumer investments. Also
enclosed was a brochure from the Treasury Department explaining Series EE Bonds,
which the Postal Service offers through payroll deduction. I encourage you to
read these materials so you can make an informed decision about how savings
bonds fit into your plans for a secure future.
If you are not already enrolled, I encourage you to consider adding savings
bonds to your personal savings program by returning a completed authorization
form in the prepaid envelope before June 29. If you already are enrolled, this
is a good time to consider increasing the amount you save.
You can get more savings bond information on the Internet at www.savingsbonds.gov
or by calling 1-888-588-BOND. These sources also provide information about Series
I Bonds, which we do not yet offer though payroll deduction. Please take time
now to consider this savings program for your secure future.
Sincerely,
William J. Henderson
