As you may know on Aug 8, President Trump signed an executive order giving employers the option to defer employee social security withholding starting Sept 1 for the remainder of the calendar year. The tax withholding would resume on Jan 1, 2021 and the deferred taxes would begin to be collected at the same time reducing net payroll amounts for Jan through April 2021.
After thorough examination and consideration, it has been decided that Tennessee Tech will not participate in this tax deferral and repayment program. TN state government including all the public higher education institutions have also elected to “opt-out”.
If you have questions regarding this issue, contact the Payroll Department by calling (931)372-3712 or emailing Gaile Palmer at gpalmer@tntech.edu.