State Agencies Bulletin No. 267

Subject
Supplemental Wage Flat Withholding Rate Decrease
Date Issued
August 8, 2001

Purpose

To advise agencies of a decrease in the supplemental wage flat withholding rate from 28% to 27.5%.

Affected Employees

Any employee who receives a supplemental wage for a payment in PaySR.

Tax Tables

To request a copy of the 15T- New Withholding Tables for 2001, contact the IRS at the toll free number 1-800-829-3676 or visit their website at www.irs.ustreas.gov to view this publication.

Effective Date(s)

New rates will be reflected in the Institution checks dated August 9, 2001 and Administration checks August 15, 2001 for employees who received a supplemental wage.

Questions

Questions regarding this bulletin may be directed to the Payroll Deductions mailbox.