Professional Supplement Funds

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Revision History:

April 17, 2025: The Board of Governors approved the Professional Supplement Funds Policy 

Summary of Revisions            

  • Updated Definitions to ensure clarity across the Policy (§2).
  • Guidance on expenditures, including when and how expenditures can be claimed (§3.4–3.5).
  • Clarification of Eligible Employees (§4).
  • Members are now directed to Appendix A for eligible professional supplement expenses and Appendix B for eligible professional allowance expenses, improving ease of access and understanding.
  • Streamlined claim procedures by directing users to the Travel and Business Expense Policy, reducing redundancy (§7.1). A flowchart has also been added to guide members in determining eligible expenses (Appendix C).
  • Updated Claim Submission conditions and deadlines with new conditions effective July 1, 2025 (§7.2-§7.3).
  • Introduced guidelines for unspent balances, encouraging submissions by May 31 for final approval by June 30 (§8.1.2).
  • The Director of Financial Operations and Associate Vice President (Finance) now has the authority to approve policy exceptions to align with the Travel and Business Expense Policy and Procedures (§10).

March 7, 2022: Editorial Revisions

December 21, 2021: Editorial Revisions 

February 26, 2020: Editorial Revisions 

October 24, 2019: Editorial Revisions 

December 15, 2010: Approved by the Board of Governors; Supersedes policy dated July 1, 2003