The University of Florida is preparing for the transition to Workday, which requires adjustments to several payroll and compensation processes to ensure accurate system configuration, testing, and implementation. As a result, the Summer Savings Option will not be available to 9-month and 10-month faculty for Summer 2027. Once the Workday implementation is complete and system functionality has been fully validated, updated information on the status of Summer Savings Options in Workday will be shared with all eligible faculty.
The University appreciates the understanding and cooperation of faculty as it works to ensure a successful system transition.
This directive establishes the proper methods of enrolling in the twelve month payment option for 9 and 10 month faculty. The program will hold, in the form of an after-tax deduction, a portion of a nine or ten-month faculty member’s after-tax income and distribute it to them in six equal installments during the summer months.
The Twelve Month Payment Option is open to all faculty members on a nine or ten-month academic year appointment. It is an optional program designed as a savings method to help bridge the gap between the nine or ten-month work year and the desire to have twelve months of income. Electing a 12-month plan simply spreads the current nine or ten-month salary over 12 months of pay periods. No additional salary is paid as a result of the election.
Faculty members on nine or ten-month appointments may participate in the program. Adjunct faculty members are not eligible to participate.