Effective for academic years commencing after 01/01/2008 the IRS implemented Code §409A, which allows faculty an irrevocable choice to have their salary paid out over a 9 or 12 month period.
Current Faculty - IFO Pay Option Selection Form (PDF) Also on Forms page
Form must be completed and returned to HR (WA 336) by Friday, August 1, 2008.
Failure to return this form will automatically place you on the 9-month pay option, per IRS regulations.
Tax Sheltering Back pay for IFO - Read more...
Human Resources • 336 Wigley Administration Center • Mankato, MN 56001 • (507) 389-2015