1984-04 April IBEW Journal.pdf - International Brotherhood of ...

IBEW Q
INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS
l125-Fifteenth St. N,W.
Washington. D.C. 20005
Charles H. Plilard
International
President
Relph A. Lelgon
International
Secretary
i
I
Dear Brothers and Sisters ,
The United States Savings Bonds Program has long had the support
of this union , and all organized labor. That's because Savings Bonds
help protect working men and women and their families from financial
hardship while also strengtheni ng the nation ' s economy.
Always a good deal in the past. Savings Bonds are now better than
ever thanks to market- based interest. This interest formula gives
bonds the flexibility to keep pace with market rates, no matter how
high they may go. If rates pl ummet, bonds have the added protection
of a guaranteed minimum return of 7.5 percent. All bonds held at least
five years are eligibl e for this variable rate, including old Series
£ and £E Bonds and Savings Notes.
Savings Bonds can be purchased at banks or through the popular
payroll savings plan. The plan provides an easy , convenient, systematic
method of accumulating financial reserves. You decide how much to
set aside from each paycheck to buy bonds, and when the purchase price
is met , the bond is issued.
Every bond you buy helps build a more secure future for you and
for America, too. Bond sales help reduce the Treasury's need to borrow
in the open market, making more funds available for business expansion
and modernization, which creates new jobs.
Bonds are also guaranteed safe. If they
they are replaced free of charge with no loss
are lost , stolen
of interest.
or destroyed,
The International Brotherhood of Electrical Workers has been a
longtime friend and enthusiastic supporter of the Savings Bonds Program ,
and we urge you to join us in supporting the program. If you are presently
enrolled in the payroll savings plan for Savings Bonds, consider increasing
your rate of saving. If you are not enrolled in the plan, think about
how bonds can help you and your family to a more prosperous future ,
and then sign up.
..
Fraternally yours,
.-
CHP: cm
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Charles H. Pil lard
International Pres i dent
...
10 I IBEW JOURNAL I APRIL 1984