April 29, 2008
Enrollment required for next summer savings program
Before heading out for the summer, academic-year faculty and staff who want to participate in next year's summer savings program may want to complete and submit the required enrollment form.
Summer savings is a non-interest bearing savings program that deducts equal installments from a participant's net pay during the academic year to provide a distribution the following May, June, July, and August. The deduction represents an after-tax payroll deduction.
The program requires completion of an enrollment form each academic year to continue participation. Forms for next academic year are due to Payroll by Aug. 29. For more information and forms, visit the Payroll Web site at www.purdue.edu/payroll/xls/Summer_Savings_Enrollment_2008-09.xls