Deferred Pay
Full-time nine-month faculty paid over nine (9) months have the option to be paid over twelve (12) months.
The pay schedule will remain the same for current faculty and will only change if the faculty member completes the online form prior to the start of the academic year (August 25). If the faculty member previously elected to have their academic year compensation paid out over a twelve-month period and wishes to maintain that election, no further action is required.
The election is irrevocable for the academic year and cannot be changed after the commencement of the academic year as per the Internal Revenue Code – IRC 409A. New nine-month faculty will be paid over nine (9) months and will have the opportunity to elect to be paid over twelve (12) months beginning the following academic year.
Health Deduction Changes
Starting with the NEW academic year 2022-2023, Human Resources and Payroll will NO longer double deduct your health insurance premiums for the months of March, April, and May to cover for June, July and August.
Instead, health insurance premiums will be evenly deducted from your paychecks over 18 pay periods (September – May) for continued health coverage in the summer months. This process change applies only to nine-month faculty paid over nine (9) months and no action is required by nine-month faculty.
Nine-month faculty paid over twelve (12) months will continue to have health insurance premiums deducted over 24 pay periods (September – September).
May 16, 2022
