Summer Money

Any nine-month faculty being paid with summer money (whether they are paid 9/9 or 9/12) will require a paper Personnel Action Form (PAF), this type of pay cannot be processed using the on-line system. Distribution for the summer pay should be shown on the PAF. Please do not send an Earnings Distribution Request (EDR) for such distributions to the Budget Office.

Monthly faculty salaries may be no more than one-ninth of the 9-month contract salary in a given month. The following is an example of how to calculate the amount of summer money a faculty can receive in May, June, July or August.

Calculating Salary for May and August

Annual Rate of Pay divided by 9, divide by 2

($40,000 / 9 = 4,444.44 / 2 = 2,222.22 for May and August)

Calculating Salary for June and July

Annual Rate of Pay divided by 9

($40,000 / 9 = 4,444.44 for June and July)

Please use the budgeted rate for calculating summer money and not the annual rate of pay on JOB; the annual rate amount could reflect a blended rate depending on salary changes during the year. The budgeted rate is located in PeopleSoft on the JOB page under the 'compensation' tab. Colleges are given the discretion of allowing July and half of August to be paid to faculty receiving ranked promotion increases at their new rate. These increases will not be updated on the budgeted rate until August 16th.