Purpose

The purpose of this statement is to set forth University policy with regard to providing certain University employees with the option of spreading their nine or ten-month salaries over 12 months.

Preamble

In 2008, the University rescinded its policy on "check spread" due to changes in federal law regarding deferred compensation and the taxation thereof. Subsequent revisions in federal law and continuing employee interest have led to the reinstatement of the salary spread option under certain specified conditions.

Policy

1. Certain employees on nine or ten-month appointments have the option to have their salary (as stated on their current notice of appointment) paid in 26 biweekly installments; provided, however, this option is not available to any employee whose appointment is 100% grant-funded.

2. The salary spread option must be specifically authorized by the employee, be in accord with currently applicable tax requirements, and once the authorization is made, it is irrevocable for the academic year.

3. Employees electing to spread their salary should consult with their tax advisor[s] about potential tax implications of choosing the salary spread option.

Implementation

This policy shall be included in the WSU Policies and Procedures Manual and shared with appropriate constituencies of the University.

The Vice President for Finance and Administration shall have primary responsibility for publication, dissemination and implementation of this University policy.