School of Business

An Analysis of the Effect of Pay Frequency on Retirement Savings

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Description: Many college and university faculty members work on nine-month contracts and, as such, are given the option of receiving their pay either over nine months or over the entire calendar year. Although many choose the latter, the authors of this article explain how opting for a nine-month pay period can significantly boost the size of a retirement account at the end of a career.
Format: Article