1-17 Election to Spread Nine Month Contract over Twelve Months

Revision Date: 11/01/2004

Origination Date: 09/14/1987

  1. Full time faculty, appointed 100%, who are paid from the same account over the entire academic year, September through May, may elect to receive their nine month contract rate in twelve equal installments September through August. The election form (Exhibit 1-7) is submitted to Office of Human Resources.

  2. The election for twelve month spread is not available to those faculty members appointed on grant and contract accounts (26 accounts).

  3. Annual deductions for insurance and UT Flex are deducted over twelve months if the employee elects the twelve month salary spread.

  4. Once the twelve month spread election is made, the election remains in effect for subsequent fiscal years. The faculty member must notify Human Resources in writing if he/she wishes to remove the twelve month spread.

  5. If the faculty member changes accounts or terminates employment during the nine month academic year, the option to receive twelve equal installments is automatically revoked. The faculty member will receive a payment on the next payroll cycle for the year-to-date savings.