Comparison Options Plan Provisions Current 9 mth Faculty

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Comparison Options Plan Provisions Current 9 mth Faculty 9 over 12 mth Deferred Earnings Program (DEP) Salary Payments Paid throughout academic year (mid Aug to mid May) Paid throughout 12 mth period (mid Aug to mid Aug) Benefits Deductions (Health and Life) Deducted throughout academic year; double deducted from Feb through May for coverage during summer Deducted throughout 12 mth period Benefits Deductions (Long Term Disability – Gabor) Deducted throughout the academic year Employer Retirement Contribution Paid throughout the academic year Paid throughout academic year Employee Retirement Contribution Deducted throughout the 12 mth period. Review current contribution amounts to determine the desired level is achieved. Taxes Paid throughout the 12 mth period Leave Accrual (Sick only) Accrue 4 hrs per pay period throughout academic year