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Table I Attrition Rates and Savings in Salaries and Benefits Ninety-one full time equivalent (FTE) positions will be eliminated over a six-year period, eventually resulting
Table I Attrition Rates and Savings in Salaries and Benefits Ninety-one full time equivalent (FTE) positions will be eliminated over a six-year period, eventually resulting in total annual savings in salaries and related benefits of $4,029,025 (in today's dollars) per year. A. Attrition Rates and Salary Savings per Year from the Elimination of 91 Positions The year the position is eliminated, the number of positions abolished, the total savings per year, and the cumulative savings for salaries are presented below. The average salary per position is $35,000 BEGINNING OF FTE POSITIONS SAVINGS CUMULATIVE YEAR ELIMINATED (in today's dollars) SAVINGS (in today's dollars) 1 24 W N 840,000 840,000 16 560,000 1,400,000 16 560,000 1,960,000 4 16 560,000 2,520,000 5 15.5 542,500 3,062,500 6 3.5 122,500 7-20 3,185,000 0 0 3,185,000 B. Attrition Rates and Benefit Savings per Year from the Elimination of 91 Positions The year the position is eliminated, the number of positions abolished, the total savings per year, and the cumulative savings for benefits are presented below. The average benefits paid per position is $9,275. YEAR FTE POSITIONS SAVINGS CUMULATIVE ELIMINATED (in today's dollars) SAVINGS (in today's dollars) 24 222,600 222,600 16 148,400 371,000 16 148,400 519,400 16 148,400 667,800 15.5 143,762.50 811,562.5 3.5 32,462.50 844,025 7-20 0 0 844,025
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