Faculty members interested in enrolling in the optional 12-Month Pay Plan for the 2006-07 academic year must sign an authorization form. Those enrolled during the 2005-06 year should sign a new authorization form if they wish to continue the plan next year.

New authorization forms are required each year so that participants will have deductions in accordance with current contractual salaries. The plan is administered by the Payroll & Employee Benefits Office, and forms can be picked up in the Administration Building, room 029.

Authorization for 2006-07 must be received by Payroll & Employee Benefits by Aug. 31, 2006.

Pay option checks for summer 2006 will be distributed as follows:

• Ball State faculty — June 15, July 14 and Aug. 15, 2006
• Burris and Indiana Academy faculty — July 15, 2006
   

Twelve-Month Pay Option checks and/or deposit advices (deposit notifications) will be automatically packaged for departmental pick up at the Loan Account Services Office, Lucina, room B36, the same as with any other payroll processing during the academic year. It is recommended that employees authorize direct deposit for all of their payroll checks.

An option to using the university's 12-Month Pay Option is to have a direct deposit made to your local financial institution via payroll deduction. The employee may benefit by this option and interest may be earned on the money.