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Exhibit R — Tuition Reimbursement

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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