Miami-Dade County Public Schools provides a benefit to eligible 10-month employees who wish to spread their salary over 12 months. The IRS has identified this plan as a Section 409A (Deferred Compensation). Deferred compensation is an arrangement under which compensation is earned in one year and paid in a later year.  Your gross will be reduced by 19.0% (this is an increase from the current 15.8735%) and placed in a deferred accumulator from September through June (depending on the school calendar).  The accumulated deferred amount will be paid in six (6) equal payments during the months of June, July and August, depending on the school calendar (this is an increase from the current four (4) equal payments).

In order to comply with new IRS guidelines, if you wish to enroll in the Defer Pay Plan Option for the 2008-2009 school year, you will be required to complete the revised Defer Pay Plan Option Form (FM-7210) and submit it to your work location Administrator for processing prior to the first work day of the school year (2008-09).  Please keep in mind that all forms must be input at your work location, therefore, submit your form early enough to allow for processing time prior to the first day of the school year, otherwise, you will have to wait until the subsequent school year to participate. DO NOT send the Defer Pay Plan Option Form to the Payroll Department, as all forms must be maintained at the work location.