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Deferred Pay
By default, full-time Faculty on an academic year appointment receive their annual salary over 20 pay periods during the academic year (mid-August to mid-May). Government regulations and USNH policy allow this this population the option to elect a compensation schedule to "spread/defer" their pay and receive their regular budgeted salary over a 12-month period (26 equal, bi-weekly payments) instead.
There is an annual process which allows eligible employees to change their compensation schedule to either begin to "spread/defer" their pay or end a prior defer pay election. Requests must be submitted directly in Workday by August 1st each year. Government regulations do not permit an individual to change the elected schedule once the payment year has begun.
For continuing status faculty: If no change request is submitted, the current election will continue.
For new hires: The payment schedule will default to occur over the dates of the appointment period until an election change request is submitted prior to the August 1st deadline.
Instructions and Job Aid
See How to Update Your Annual Defer Pay Election for more details and instructions on how to submit your Defer Pay Election request in Workday.
Applicable policy information
USY-Administrative Board: V. Personnel Policies: F. Compensation: 10. Pay Distribution: 10.2 Compensation Schedules: Section 10.2.2
Eligible Employees
Faculty: The defer pay option is only available to full time, benefits eligible, faculty on academic year appointments.
Need additional help?
Submit an HR Operations Support/Inquiry support request or call you campus x2525 for assistance.