There are three payroll deduction plans available based on eligibility:

·       Pre-tax 24 deduction plan

·       Post-tax 24 deduction plan

·       Post-tax 16 deduction plan

24-Payment Pre-tax Deduction Plan or 24-Payment Post-tax Deduction Plan

RENEWALOR NEW PLAN: You must be a full-time faculty member or a classified staff member to participate in the 24-payment pre- or post-tax payroll deduction plans. The payroll deductions for the faculty and staff permit or reserved space owners will be withdrawn over twenty-four pay periods. The first payroll deduction will commence on October 16, 2025. 

If you elect to participate in the 24-payment pre-tax deduction plan your contributions will be taken before Federal, State, and FICA taxes are calculated.

RENEWALOR NEW PLAN: The 16 post-tax payroll deduction plan that is available for part-time and hourly faculty and staff will be withdrawn over sixteen pay periods. The first payroll deduction will commence on October 16, 2024.

If I choose payroll deduction for the 2025 - 2026 parking permit year, I agree to the following:

• I understand Old Dominion University will reduce my salary each semi-monthly pay period by the fee specified for University Parking in the faculty and staff payment options permit fee chart (www.odu.edu/parking).
• I understand Old Dominion University will forward the amount of the reduction to Transportation and Parking Services (TPS) on a semi-monthly basis.
• This Salary Reduction Agreement will remain in effect until I complete another salary reduction agreement, a new permit period has begun, or I notify TPS of any changes and/or cancellation.
• I understand pre-tax parking permit fees are not refundable; however, TPS can submit a request to Payroll for further evaluation.
• I understand if I leave the University before the payroll deduction is complete, I must notify TPS to stop payroll deductions at which time the parking permit will be terminated. 

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