Savings Bond Update (BN140)
Run Savings Bond Update (BN140) to purchase savings bonds for an employee up to the employee's account balance.
Processing Effect
The application buys bonds in sequential order. Bonds cannot be purchased for an employee until at least one sequence has been defined for the employee in BN48.2 (Savings Bond Assignment). The Lawson Payroll application updates savings bond balances in the Benefits Administration application when you close a payroll cycle.
More Information
The report is sorted by savings bond plan and employee. For each employee, the report shows the bonds purchased, the bond owner, the owner's address, and the owner's Social Security number. If a co-owner and beneficiary have been assigned, their names, addresses, and social security numbers also list. BN140 uses the employee's or dependent's current address from HR11.1 (Employee) and HR13.1 (Dependent) unless the address has been overridden in BN48.1 (Savings Bond Beneficiary).