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Showing posts from October, 2009

Update On ePay

I just received this email from Doreen today on the roll out of ePay: The Company is pleased to announce a new employee pay program that will substantially improve the way Securitas USA employees receive their pay. The program will provide significant economies for our employees and the company and, at the same time, provide an environmentally “Green” solution that will reduce paper consumption of 2.6M checks and envelopes per year. The new program consists of the following elements: Paystub information will be available to all employees through a web based system, a phone voice response system, and an automated fax back feature Payroll Choices Employees may choose either of the following methods to receive their pay: Direct Deposit – new campaign to increase the number of employees selecting this method of receiving their pay at their own banking establishment PayCard - this program offers employees that do not have bank accounts or do not want to utilize Direct Deposit

Series EE Savings Bonds

Series EE Savings Bonds are available through a payroll deduction program. Bonds can be deducted as a one-time only purchase, or set up as an ongoing deduction. Series EE Savings Bond purchases will be handled on a one to one basis. This type of Savings Bond has a purchase price of half the face value of the bond. For example, an employee wishes to purchase a $50 Series EE Bond. Upon authorization from the employee, we will deduct the $25 purchase price in one sum, from one check only. We will then purchase the bond for the employee. Bonds are mailed directly to the employee by the Federal Reserve Bank, and take 4-6 weeks from the time of the first deduction to arrive. This transaction requires that the employee complete a bond purchase authorization form, a copy of which is available at the Danbury Office. The original signed, completed form will be sent directly to EOC Payroll. For more information about Savings Bonds, please refer to the Federal Reserve Bank website: http://www.

Conversion to ePay in November

Coming in November 2009 Securitas Security Services USA will convert to electronic pay-stubs (check this weeks paycheck envelope for details). The next step will most likely be the elimination of all payroll checks. What does this mean to you:  if you do not have direct deposit you will be issued a debit card. This could end up costing you money when using it at a local ATM machine. Some of these machines charge 2.50 for the privilege. There are withdraw limits on most ATMs. My advise too everyone, get DIRECT DEPOSIT !