STATE OF NEBRASKA, UNIVERSITY OF NEBRASKA WON'T TAKE PART IN TEMPORARY PAYROLL TAX CUT

LINCOLN- Both state and University of Nebraska employees will not be participating in President Trump's offer to defer payroll taxes for the remainder of the year. This option came from an executive order signed by the President that allows employers to choose to defer paying Social Security taxes for the rest of the year as a way to provide economic relief from the pandemic. State employees pay 6.2% of their wages into Social Security and is then matched by the state.

 Taking part in this program would mean employees would be taking substantially lower pay in early 2021. Employees will also not have the ability to opt into the program. The University is following the state's lead. Other states led by GOP governors have also opted out of this program. 

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