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L_� <br />Fiscal Impact <br />Cost savings from no longer paying high -end salaries to senior employees will be offset, to a degree, by <br />the payout of annual leave, and' /4 sick leave, upon retirement. The chart below reflects the projected <br />fiscal impact to the department and individual agencies, if retirement - eligible employees decide to leave: <br />Projected Fiscal Impact, FY 2003 -2004 <br />Division <br /># employees <br />Leave payout <br />PERA <br />Total <br />EDO <br />7 <br />$90,283 <br />$4,784 <br />$95,067 <br />DOW <br />104 <br />$1,393,286 <br />$73,832 <br />$1,467,118 <br />SLB <br />2 <br />$26,369 <br />$1,397 <br />$27,766 <br />CWCB <br />4 <br />$84,049 <br />$4,454 <br />$88,503 <br />DWR <br />37 <br />$470,896 <br />$24,953 <br />$495,849 <br />OGCC <br />2 <br />$22,188 <br />$1,176 <br />$23,364 <br />CGS <br />2 <br />$34,446 <br />$1,825 <br />$36,271 <br />DPOR <br />1 12 <br />$175,2251 <br />$9,285 <br />$184,510 <br />DMG <br />1 3 <br />$56,020 <br />$2,969 <br />$58,989 <br />Totals 183 $2,352,762 $124,6/5 -oZ,41f,4s1 <br />Notes: <br />1. Figures are based on the average number of hours paid out to retiring employees in the last three <br />fiscal years. <br />2. The PERA figure is the State's share of PERA, which is paid only on the annual leave portion of <br />the retirement payout. <br />