Common use of Summer Savings Clause in Contracts

Summer Savings. Ten (10) month employees may, by the fifth day of September on the prescribed form authorize the Board to deduct an amount of money from each of his/her 20 pays in order to facilitate payment in July and August. Interest will not be paid on the funds deducted to make the July and August payments. The amount of the authorized deduction shall remain unchanged from year to year unless a request for change is made on the prescribed form by September 5 of the affected school year. The deductions throughout the year shall not be changed or withdrawn during the school year. The total deductions during the school year shall be electronically deposited in four equal installments on the 15th and last day of July and August.

Summer Savings. ‌ Ten (10) month employees may, by the fifth (5th) day of September on the prescribed form authorize the Board Employer to deduct an amount of money from each of his/her 20 their twenty (20) pays in order to facilitate payment in July and August. Interest will not be paid on the funds deducted to make the July and August payments. The amount of the authorized deduction shall remain unchanged from year to year unless a request for change is made on the prescribed form by September 5 of the affected school year. The deductions throughout the year shall not be changed or withdrawn during the school year. The total deductions during the school year shall be electronically deposited in four (4) equal installments on the 15th and last day of July and August. 18.2 Wages‌ Wages for all employees shall be paid in accordance with Schedule C.