Please distribute this notice to all individuals within your organization who may need the information in connection with their work.
Payroll Tax Cut.-- The payroll tax reduction that had previously been scheduled to expire at the end of 2011 has been extended through February 29, 2012 .The Tax Relief Act provides a reduction of 2 percentage points in social security payroll taxes paid by employees. Railroad retirement benefits are divided into two tiers, with Tier I being equivalent to social security benefits.