{"id":164512,"date":"2025-05-12T09:51:00","date_gmt":"2025-05-12T15:51:00","guid":{"rendered":"https:\/\/communique.uccs.edu\/?p=164512"},"modified":"2025-05-12T09:51:01","modified_gmt":"2025-05-12T15:51:01","slug":"faculty-must-choose-their-contract-payment-schedules-by-july-11","status":"publish","type":"post","link":"https:\/\/communique.uccs.edu\/?p=164512","title":{"rendered":"Faculty must choose their contract payment schedules by July 11"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">University of Colorado faculty on a contract have the option to choose to update their contract payment schedule for the 2025-26 academic year between May 1 and July 11.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Faculty members have until 5 p.m. MT July 11 to select their new schedule in the employee portal by following<a href=\"https:\/\/www.cu.edu\/docs\/qrg-contract-elections-guide\">&nbsp;this&nbsp;guide<\/a>. Those who don\u2019t submit a contract payment schedule election will default to the pay schedule they had for the 2024-25 academic year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:&nbsp;<\/strong>Once faculty have chosen their payment schedule, they may not revoke or change their schedule for the academic year.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Two payment schedules are available<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Faculty academic year pay schedule (August \u2013 May):&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This pay schedule follows the regular academic year, paying out the total contract amount over the 9 months that comprise the fall and spring semesters. Under this pay schedule, contract salary payments will be issued Aug. 31, 2025, to May 31, 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Faculty 12-month pay schedule:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some faculty choose to have their contract pay distributed in smaller payments over a full 12 months. Under this pay schedule, contract salaries will be paid from August 2025 through August 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:&nbsp;<\/strong>Faculty may elect this option only if they do not exceed the IRS\u2019s maximum deferred compensation limit in 2025.&nbsp;Please refer to the employee portal or&nbsp;<a href=\"https:\/\/www.cu.edu\/docs\/information-9-pay-12-faculty-election\">faculty election page<\/a>&nbsp;for additional information. More information can also be found in the IRS\u2019s&nbsp;<a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/iw2w3.pdf\">2025 General Instructions for Forms W-2 and W-3<\/a>&nbsp;on page 12 under the heading \u201cNonqualified deferred compensation plans.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Find resources to help you choose<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Visit the\u00a0<a href=\"https:\/\/www.cu.edu\/employee-services\/payroll\/pay\/contracts\">Employee Services contracts\u00a0webpage<\/a>\u00a0to learn how to choose a contract type.<\/li>\n\n\n\n<li>The\u00a0<a href=\"https:\/\/www.cu.edu\/docs\/contract-proration-calculator\">contract proration calculator<\/a>\u00a0can help faculty to determine whether combined their 9-pay-12 contract exceeds IRS limits and how it will be distributed over a 12-month period.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.irs.gov\/newsroom\/frequently-asked-questions-sec-409a-and-deferred-compensation\">IRS deferred compensation guidelines<\/a>\u00a0will walk faculty through the tax implications of selecting a 9-pay-12 contract.<\/li>\n\n\n\n<li>This\u00a0<a href=\"https:\/\/www.cu.edu\/docs\/contract-elections-guide\">quick reference guide<\/a>\u00a0will show faculty members how to select their contracts in the employee portal.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>University of Colorado faculty on a contract have the option to choose to update their contract payment schedule for the 2025-26 academic year between May 1 and July 11. <a class=\"mh-excerpt-more\" href=\"https:\/\/communique.uccs.edu\/?p=164512\" title=\"Faculty must choose their contract payment schedules by July 11\">(More)<\/a><\/p>\n<\/div>","protected":false},"author":18,"featured_media":144691,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[1,9],"tags":[398,332],"class_list":["post-164512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-personnel","tag-cu-system","tag-more-news"],"jetpack_featured_media_url":"https:\/\/communique.uccs.edu\/wp-content\/uploads\/2023\/01\/IMG_1605.jpg","jetpack_shortlink":"https:\/\/wp.me\/p1mBpJ-GNq","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/164512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=164512"}],"version-history":[{"count":1,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/164512\/revisions"}],"predecessor-version":[{"id":164514,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/posts\/164512\/revisions\/164514"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=\/wp\/v2\/media\/144691"}],"wp:attachment":[{"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=164512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=164512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/communique.uccs.edu\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=164512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}