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Payroll savings program

September 30, 2014 — 

From Oct. 1 until Nov. 1 all full-time staff and faculty at the U of M may apply to the Canada Savings Bonds Payroll Savings Program.

The Canada Savings Bonds (CSB) Payroll Savings Program allows employees to contribute to a Payroll Savings Plan at their place of employment through automatic payroll deductions.

As the CSB Payroll Savings Program says:

  • The Program is free: there are no hidden charges or fees;
  • With automatic payroll deductions, you never miss your money;
  • Small contributions can equal big savings;
  • It’s complementary to other savings and investment products;
  • Access to your funds online anytime.

You can sign up to the Program, set up a new Payroll Savings Plan or change contributions to existing plans by logging onto www.mybonds.gc.ca

Don’t forget to download the Employee How-to Guide if you’re looking for a step-by-step approach to the most common online transactions. This can be found in Employee Self Service under Useful Links in the My Pay section.

If you are currently contributing to a plan, and you are happy with your current contribution amount and were not thinking of setting up an additional plan this year; not to worry, you don’t have to do a thing! Your existing contribution amount will continue to be deducted as usual.

For more information on the CSB Payroll Savings Program, contact your Campaign Director – Patti Matyus, Payroll Services 204-474-9392 or Patti [dot] Matyus [at] umanitoba [dot] ca. You can also visit the Employee web page at www.csb.gc.ca/employees

The University Organization ID is 12210

Purchase of Canada Savings Bonds is only available to Full-Time staff.

First Bi-Weekly deduction is December 12, 2014 and Semi-Monthly is December 17, 2014

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