APPENDIX A

MSRDP/PRS AUTHORIZED FRINGE BENEFITS

Effective September 1, 1998

	Authorized Benefit	Maximum
1.	Supplemental Retirement Payments	In accordance with U.T. System policy. Tax sheltered SRA’s only through salary reduction agreements.
2.	Parking Fees	At U.T. institution(s) and teaching hospital(s). Actual expense not to exceed IRS Section 132 limitation.
3.	Incentive Plan	Only Members may receive additional remuneration to motivate generation of professional fees. Must be approved by the Executive Vice Chancellor for Health Affairs and Office of General Counsel prior to implementation. Payments to Members must have prior approval of the Executive Vice Chancellor for Health Affairs. Payments under this provision shall not be eligible for additional state or MSRDP/PRS fringe benefits; however, to the extent permitted by law, deductions may be made for retirement programs.

No MSRDP/PRS funds may be expended for the benefit of any single individual person or member except as herein approved unless specific exception has been approved by the Board of Regents.

Classified plan employees may receive only the basic state-approved benefits paid from MSRDP/PRS.

Benefits specifically not approved include:

- personal liability insurance
- medical and dental insurance
- life insurance
- educational allowance
- estate planning
- tax service
- accounting service.

Authorized fringe benefits shall not exceed thirty (30) percent of total compensation.

This list of authorized fringe benefits and yearly limits may be periodically amended by action of the Executive Vice Chancellor for Health Affairs. Additionally, exceptions for Presidents may be made by the Board of Regents.

Last Updated: January 15, 1999
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