Faculty who elect the 9 Pay 12 Salary Payment Option receive their 9 month salary over 26 bi-weekly pay periods rather than the 20 bi-weekly pay periods. Approximately 25% is withheld from the employee's net pay for the 20 regular paychecks issued for the academic year. The total amount withheld during the academic year is then repaid to the employee on the 6 paycheck dates that fall during the summer pay periods. No benefit deductions can be taken out of these checks.
A local check from the PSU foundation is issued for the 9 Pay 12 payment during the summer pay periods. The local check cannot be electronically deposited. Faculty should leave mailing information with HRS before the end of the academic year.
To elect the 9 Pay 12 Salary Payment Option, faculty must complete a 9 Pay 12 Salary Payment Authorization Form. In addition to the 9 Pay 12 Salary Paymen Authorization Form, you must complete a W-9. These forms should be sent to HRS by August 15th. A election to the 9 Pay 12 Salary Payment Option will remain effective until the employee completes a Request to Terminate use of the 9 Pay 12 Salary Payment Option.