2% Reduction in Social Security Withholding Taxes

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Courtesy of Oswald Companies

Thanks to the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, there is going to be a 2% reduction in Social Security withholding taxes. We are encouraging Plan Sponsors to pass along this information to their employees and encourage them to take this and relocate it to their retirement savings in either an increase to their current contribution or new enrollment.

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