9-pay-9 or 9-pay-12? Contract payment schedule resources available
University of Colorado current faculty on a contract may choose to change their contract payment schedule between May 3 and July 16, for the academic year 2021-22. Faculty members have until 5 p.m. July 16 to select their new schedule in the employee portal.
There are two available payment schedules:
Faculty 9/9 payments:
- For CU Denver | Anschutz, academic year salary will start in September, paying from Sept. 30 through May 31
- For UCCS and CU Boulder, academic year salary will start in August, paying from Aug. 31 to May 31
Faculty 9/12 payments:
Note: There is an IRS limit as to who may choose to elect 9/12 payments. These limits are referenced in the employee portal.
- For CU Denver | Anschutz, academic year salaries will be paid from September 2021 through August 2022
- For UCCS and CU Boulder, academic year salaries will be paid from August 2021 through August 2022.
If no changes are made, then the previously chosen election will continue.
Remember: Faculty may not revoke their chosen payment schedule during the plan year.
Encourage faculty to use these resources
Visit the Employee Services contracts page to learn how to choose a contract type.
The Contract Proration Calculator can help faculty to determine whether combined 9-pay-12 contracts exceed IRS limits and how it will be distributed over a 12-month period.
IRS deferred compensation guidelines will walk faculty through the tax implications of selecting a 9-pay-12 contract.
Our Quick Reference Guide will show faculty members how to select their contracts in the employee portal.