ACD 514: Payment Options—Academic Year Appointments
To advise faculty on academic-year appointments of payroll options
Office of the Executive Vice President and Provost of the University
Only one option agreement may be completed by each faculty member for the academic year. Once this option is set, it will continue until changed (before May 31 for the following academic year).
Each paycheck is equal to 1/20 of the academic year salary. All insurance and parking deductions are taken over 20 pay periods. Voluntary deductions, such as credit union, savings bonds, United Way, and tax sheltered annuity deductions, will continue to be made during the summer (May 16 through August 15) for faculty who receive summer pay.
Each paycheck is equal to 1/26 of the academic year salary. Voluntary deductions are taken over 26 periods.
Faculty who are ineligible for Option 2 include:
The faculty member completes the Payment Options for Faculty on Academic Year Appointments form and submits it to Human Resources, which checks for eligibility and processes the form.