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[quote=Anonymous][quote=Anonymous][quote]14:58-I imagine the teachers posting about not getting paid all year work for MCPS. MCPS does not offer a 12 month pay option. They truly only give you paychecks from September-June. The best they have done is paired up with a credit union who will "hold" money for you in a summer pay account and then "release" it to you at specific dates over the summer. You have to work with the credit union to set that up, and you have to tell them how much money to take out of each of your paychecks based on what you'd need to live off of over the summer. [/quote]

I don't understand why anyone would want to defer payment in order to just get a paycheck every month?? How does allowing MCPS to keep a % of pay set aside for you, net you anymore money? If anything they benefit from interest gained.

I am assuming that start dates are at the beginning of the fall school year. However, even if you started in the spring time, it would still be in your interest to switch back to 9 month in the fall. [/quote]

I never had a problem with it, but some people are horrible at managing money and cannot responsibly save-and not touch-their own money throughout the year to use over the summer to cover expenses.  The new summer pay option with the credit union does earn you interest, but people still complain about it.  I was just answering your question, because teachers are telling the truth when they say they don't get paid over the summer.[/quote]

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