Full-time faculty members are paid through the MIT Annual Salary Plan. Senior research scientists/engineers/associates and other academic instructional staff who hold salaried appointments may be included in the plan at the discretion of the department and the school. Following are the major features of the Annual Salary Plan:
a) All members of the Faculty will normally fulfill their academic responsibilities during the fall and spring terms, from September 1 through May 31, including participation in the Independent Activities Period (IAP) in January. In particular, the one-month IAP is a part of the regular nine-month academic year during which academic staff members carry on teaching, research, and other duties as part of their normal annual obligations without additional compensation. An exception to this rule is Athletics Department faculty, who may begin their academic year in August.
b) Salary payments under the Annual Salary Plan are made monthly throughout the fiscal year, although the individual's academic responsibilities are normally discharged during the nine-month academic year as stated above.
c) The use of the Annual Salary Plan creates a variance between the salary payments made to the faculty member and the salary earned through service. The result is that if a faculty member wishes to resign just before the start of the first term, the appointment is considered void and the individual will be obliged to return to the Institute the payments of the annual base salary received for July and August. Further, if a faculty member wishes to resign as of the end of the first term (January 15), there will be no payments for the month of January because payment will have been made for one-half of the annual base salary as of December 31. If the faculty member wishes to leave on December 31, one-half of one month's pay at the charging rate (one-ninth the individual's annual salary) must be returned to the Institute. If the faculty member wishes to leave as of May 31, the salary continues through June 30.
d) Faculty appointments are made with the understanding that, whenever needs of the academic department require teaching or research duties during the summer months, the faculty member may be paid for up to two months' effort for this service at a monthly rate of pay equal to the individual's annual salary divided by nine. On occasion, when teaching in departmental programs is required during the summer, participating faculty members may be offered relief from teaching during the regular academic year in place of additional salary. Exceptions to these policies are as follows:
i) If a faculty member participates in the summer teaching activities sponsored by the Industrial Liaison Program, the Center for Advanced Educational Services, the special Summer Session Program, or the Sloan Fellows Program, he or she may be compensated at a rate that is not related to the faculty member's regular nine-month salary. The time commitment associated with such service, which may be paid at a different rate, may not exceed 20 days. This time must be counted as consulting days allowed during the summer months. Such proposed payments require the approval of the department head and the dean.
ii) In certain rare cases, supplementary compensation may be proposed for special summer activities other than the four programs listed above. Again, the rate of compensation need not be related to the faculty member's regular nine-month salary, and the time commitment associated with such service should not exceed 20 days and must be counted against the allowable consulting time for the summer months. Any such compensation would require the approval of the Provost, as well as that of the department head and the dean, prior to a commitment being made to the supplemental effort.
iii) Under unusual circumstances, supplementary compensation may be proposed for teaching duties in an activity taking place during the academic year. Examples might be certain programs that are held during IAP and are sponsored by either the Industrial Liaison Program or the Center for Advanced Educational Services. The period for which such compensation is received must be limited to ten working days and must be counted against normal consulting time. Prior approval of the department head, the dean, and the Provost is required, as in ii) above.
If a faculty member participates in one of the activities described above in i), ii), or iii), the total amount of MIT-compensated time in a given fiscal year (including the summer months) must not exceed 12 months. In those cases where the Provost's approval is required, it is expected that requests for approval will be submitted to the Provost six months in advance of the proposed activity.
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