Adding Savings Bond Beneficiaries

Define each possible owner, co-owner and beneficiary for savings bonds purchased by an employee. Defining Savings Bond Purchase Sequence

To add savings bond beneficiaries

  1. Access Savings Bond Beneficiaries (BN48.1).
  2. Use the following guidelines to enter field values:
    Code

    Type a code that represents the owner, co-owner, or beneficiary of a savings bond. This code is used to define the owner, co-owner, or beneficiary sequence on Savings Bond Purchase Sequence (BN48.2). This is a required field.

    Dependent

    If the owner or beneficiary is the employee's dependent with a record in Dependent (HR13.1), select the dependent. The dependent's name and Social number default from Dependent (HR13.1).

    Note: When you purchase bonds using Savings Bond Update (BN140), the application uses the dependent's current address from HR13.1. For this reason, the dependent's address does not default to BN48.1. Override the address using BN48.1 if necessary.
  3. Select the Add form function.