Permanent School Fund Bonus
Background
The Texas Permanent School Fund Corporation (PSF) is authorized to establish an incentive compensation plan for Permanent School Fund Corporation employees.
Payroll Detail
Amounts paid according to the incentive compensation plan are considered fringe benefits and are not eligible compensation for Employees Retirement System pension plan purposes.
Source
General Appropriations Act (GAA), Article III, Texas Permanent School Fund Corporation, Rider 4; Texas Education Code, Section 43.055(c).