President's Memorandum - Deferral of Employee Social Security Tax

Due to the recent Presidential Memorandum (see attached), do you know whether Oracle has plans to issue a patch to allow for the deferral of employee social security tax for employees earning under $104k annually? We are currently on PeopleSoft Version 9.2 and are attempting to determine if this is something we would need to handle manually / custom. We found Oracle's blog on the topic but were curious how others are handling it
https://blogs.oracle.com/peoplesoft/legislative-update-for-peoplesoft-payroll-for-north-america

Thank you!

Hi @Kimberly Welty --

Right now, we are NOT handling it. I'm not sure how we would without guidance from the IRS.

You can look at this post on the Journal of Accountancy website for an example of what the AICPA feels is the IRS guidance needed.