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1 <br /> Central Services <br /> Financial Services <br /> City of Eugene <br /> 100 West 10~h Ave., Suite 400 <br /> <br /> ,I Eugene, Oregon 97401 <br /> (541) 682-5022 <br /> (541) 682-5802 FAX <br /> January 23, 2004 <br /> TO: All Employees <br /> ~ FROM: Jeff Perry, Financial Operations Manager <br /> I . <br /> SUBJECT: DIRECT DEPOSIT <br /> I <br /> One feature of the City's Payroll system is automatic deposit of your pay in up to two different banking. <br /> institutions. It means your money will be deposited to your account(s) automatically on payday. You will <br /> no longer need to spend time depositing your check or make special arrangements to do so when <br /> you're not at work. <br /> All employees (both Regular and Temporary) may take advantage of this feature. I encourage you to <br /> give this option serious consideration. <br /> Q: What are some of the advantages of Direct Deposit? <br /> A: Convenience is the most obvious benefit. However, potential added interest earnings and safety <br /> are additional advantages. Direct Deposit is the safest way to get your money in your account <br /> without having to wont' about lost, stolen, or damaged checks. <br /> Q: Is Direct Deposit a new concept? <br /> A: No. Millions of employees nationwide enjoy this benefit. Locally, large employers such as the <br /> Federal government, Oregon State agencies, the University of Oregon, and Eugene School <br /> District 4J currently provide Direct Deposit to their employees. <br /> Q: If I no longer get a check, how will I know the amount credited to my account? <br /> A: You will receive a pay stub instead of a traditional check. The upper portion of the pay stub will <br /> be an "advice" that includes your net pay. Your monthly statement from your financial institution <br /> will also provide a record of the deposits made to your account. <br /> A: How do I sign-up for Direct Deposit? <br /> Q: Contact your department PAF preparer or Central Payroll at 682-5031 or by a-mail at *Eugene <br /> Payroll. <br /> _ <br /> <br />