Deferred Earnings Program (DEP) Overview

ANNUAL ENROLLMENT PERIOD: April – August

Faculty members who have 9-month appointments are automatically paid their annual salary over the term of the contract which is usually 19 bi-weekly payments beginning with the payroll period coinciding with the appointment start date.

The 9 over 12 Deferred Earnings Program (DEP) provides 9-month faculty an alternative option to receive payment of their annual salary over a 12 month period. This method of payment is available on an optional basis only. It is necessary to receive authorization from the faculty member to distribute the annual salary over a 12 month payroll cycle. Upon authorization, beginning with the payroll period coinciding with the appointment start date, 26 bi-weekly payments will be paid to faculty members electing this option.

Enrollment Process

The selected DEP payment option will remain active until a new authorization form is submitted through PantherSoft HR Employee Self Service and a different payment cycle is selected. All 9-month faculty members will have the opportunity to select this payment option during the 9 over 12 Deferred Earnings Program (DEP) Enrollment period that begins April through August. New faculty members will exercise their options when completing the sign-on documents.

1. Login to PantherSoft HR Employee Self Service.
2. Navigate to: Human Resources Self Service > Employee Self Service > Employee Resources > Employee Forms.
3. Select Benefit Forms > Deferred Earnings Program.
4. Elect the corresponding option.
5. Click the “Submit” button once all your changes are complete.