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Texas Payroll/Personnel Resource

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Permanent School Fund Bonus

Background

The Texas Permanent School Fund Corporation (PSF) is authorized to establish an incentive compensation plan for certain Permanent School Fund employees.

Pay Amount

PSF is authorized to pay employees an incentive bonus in addition to the maximum salary authorized for the position. PSF determines which employees are eligible for this special pay and the amount of the bonus.

Source

General Appropriations Act (GAA), Article III, Texas Permanent School Fund Corporation, Rider 4.