Save for Summer

9-Month Employees: Now is the time to review your Save for Summer Plan before the new fiscal year!

 

  • Save for Summer program for employees working in a less than twelve-month annual work period. This program allows you to specify a certain amount to be withheld from net pay each monthly payday or 1 and 2 biweekly paydays within a month you work, which allows you to receive a paycheck during the summer month(s) you are not working. The amount withheld from net pay is after all deductions, which include but are not limited to TRS/ORP, FICA, FIT, parking, user fees, garnishments, and withholding orders.
  • An employee may enroll after September 1 each year but will begin their participation with the next available pay period. There are no catch-up provisions for any expired portion of the fiscal year.
    • To learn how to enroll in Save for Summer? How to update or cancel your enrollment?
  • An employee can complete and sign the Save for Summer form for all actions and send it to the appropriate email address at the bottom of the form. The Save for Summer withholding amount is determined by the employee and can be updated during the period of participation. Changes will be effective on the next available pay period.

Save for Summer Enrollment Elections

  • Save for Summer 9: receive a payout on July, August, and September pay dates

Insurance Premiums

  • Save for Summer does not hold back a portion of insurance premiums, and there will be no extra deductions taken in May for summer insurance premiums.
  • Those enrolled in the 12 over 9 benefits program will have insurance premiums withheld at a slightly higher rate during the year (September–May) to pay for the summer insurance premiums.
  • Those who are not yet eligible to participate in the 12 over 9 benefits program will have extra deductions taken in May for summer premiums.

Net Pay

  • You select the amount of net pay to be held in Save for Summer.
  • No changes are automatically made to net pay held back.
  • Complete the Active Participant Update section of the Save for Summer form to initiate changes to your held-back amount

Enrollment and Cancellation

  • You may enroll, update or cancel participation in the Save for Summer program at any time during the fiscal year by completing the Save for Summer form.

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