January 31, 2012
Adam S. Ross, Esq. Special Counsel Federation of Nurses/UFT 52 Broadway, 14th Floor New York, N.Y. 10004
Dear Ms. Ross:
The tuition reimbursement policy shall be amended to include the current withholding tax rates on the taxable portion of the tuition reimbursement. As of January 1, 2012, the tax rate for withholding on the taxable portion of tuition reimbursement is as follows:
| Federal Tax | 25.00% |
| New York State Tax | 07.35% |
| New York City Tax | 04.75% |
| Yonkers Tax | 0.0735% |
| FICA | 04.20% |
| Medicare | 01.45% |
Very truly yours,
Denise Davin
Vice President for Human Resources and Labor Counsel