Here is a link to RIT’s Policies for Selected Discretionary Spending: www.rit.edu/fa/controller/payable/discretionary_expenditures.html#g<http://www.rit.edu/fa/controller/payable/discretionary_expenditures.html#g>. This is an administrative policy through our controller’s office. Two sections mention retirement specifically:
Retirements – Expenses associated with hosting an on-campus reception to honor employees who retire or leave RIT are allowable but limited to light refreshments. Alcoholic beverages are not an allowable expense but may be provided through personal provisions. And Retirements – Gifts made to employees upon retirement from the University are allowable. A general guideline is $10.00 for each year of service, up to a maximum of $400. Such gifts are not taxable provided they are tangible personal property. Gifts of cash and cash equivalent are taxable to the recipient regardless of the dollar amount. Susan T. Provenzano, ’84, ‘09 Academic Affairs Rochester Institute of Technology (585)475-5572 stp1...@rit.edu ontorll CONFIDENTIALITY NOTE: The information transmitted, including attachments, is intended only for the person(s) or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and destroy any copies of this information. From: bounce-121961699-66218...@list.cornell.edu [mailto:bounce-121961699-66218...@list.cornell.edu] On Behalf Of Pamina Deutsch Sent: Wednesday, October 18, 2017 4:01 PM To: Association of College and University Policy Administrators <acup...@list.cornell.edu> Subject: [acupa-l] Policies on retirement receptions and gifts Good afternoon, Here at the University of New Mexico, we are reconsidering our stance on using University funds to pay for retirement receptions that honor departing faculty and staff. I am interested in seeing the policies of other colleges and universities (especially state institutions) on the use of University funds—in contrast to foundation funds—to pay for costs associated with retirement receptions, including gifts that commemorate the retirements. Thanks, Pamina ___________________________________________ [id:image001.png@01D33926.29C98710] Pamina M. Deutsch University Policy and Administrative Planning Director UNM Policy Office, 114B Scholes Hall MSC05 3357 1 University of New Mexico Albuquerque, NM 87131-0001 Tel. 505.277-2069 Web. http://policy.unm.edu<http://policy.unm.edu/> Replying to Messages: Replying (using Reply) to an ACUPA-L e-mail will distribute your message to the ENTIRE list of members. To send a message privately, reply directly to the individual who sent the message (their e-mail address appears in the "From" line of their original e-mail). To Unsubscribe or for questions about the ACUPA e-list, Contact Joshua Adams at j<mailto:jamiepar...@cornell.edu?subject=ACUPA%20e-list%20assistance>a...@cornell.edu<mailto:j...@cornell.edu?subject=Question%20About%20the%20ACUPA%20E-list> or 607-255-8279.
