In 2008, the University rescinded its policy on "check spread" due to changes in federal law regarding deferred compensation and the taxation thereof. Subsequent revisions in federal law and continuing employee interest have led to the reinstatement of the salary spread option under certain specified conditions.
1. Certain employees on nine or ten-month appointments have the option to have their salary (as stated on their current notice of appointment) paid in 26 biweekly installments; provided, however, this option is not available to any employee whose appointment is 100% grant-funded.
2. The salary spread option must be specifically authorized by the
employee, be in accord with currently applicable tax requirements, and
once the authorization is made, it is irrevocable for the academic year.
3. Employees electing to spread their salary should consult with their tax advisor[s] about potential tax implications of choosing the salary spread option.Implementation:
The Vice President for Administration and Finance shall have primary responsibility for publication, dissemination and implementation of this University policy.
May 10, 2013