Title 30, TRUSTS AND FIDUCIARIES

Sec. 1. As used in this chapter, "participant" means an individual who has accumulated a balance of funds with a payroll savings plan administrator through a payroll savings plan. As added by P.L.141-2005, SEC.27.

Sec. 2. As used in this chapter, "payroll savings plan" means a method provided by an employer to the employer's employees for the voluntary purchase of United States savings bonds on a regular schedule through the designation of an amount to be deducted each pay period until a s…

Sec. 3. As used in this chapter, "payroll savings plan administrator" means an organization that: (1) has been qualified by the Federal Reserve Bank or the Bureau of the Public Debt under 31 CFR Part 317 to sell United States savings bonds; and (2) operates payroll savings plans …

Sec. 4. As used in this chapter, "static balance" means an amount held by a payroll savings plan administrator for a participant who: (1) is not making allotments of payroll deductions to the payroll savings plan administrator; but (2) has not terminated the individual's directio…