Recognition for Retirement is based on years of service according to the limitations presented below

Limitations:

Guidelines are subject to available funding and spending approval.

If more than one person retires within the same time period invitations should be consolidated into one retirement party.

Reference Fiscal Policy 4.4.2 Official Function Expenditures for information on spending limits.

Gifts are selected by the retiree and purchased from the suggested source.

Gifts in amounts of $50 and higher must be given as part of a meaningful presentation during the reception for the retiree. The upper tax-free limit on gifts is $400 for this type of recognition. Reference the Accounts Payable Guide http://www.utmb.edu/accounting/ap/apguide.pdf for additional information.

Definitions:

Years of service - employee must have served these years in UT System
Retiree - employee must be retiring, not moving to another job
Small reception – Logistics employees, retiree and immediate family
Medium reception – Logistics employees, retiree and up to 10 guests
Large reception – Logistics employees, retiree and up to 25 guests

Recognition for Length of Service to Logistics when employee is resigning from Logistics but not retiring