How much money was saved through the use of the Staff Retirement Incentive (SRI)? Of the 432 positions affected, how many were refilled, and what happened with the positions that were not refilled?
The SRI gave colleges and units the opportunity to reduce payroll costs through voluntary reductions. In some cases these reductions are being used to meet the FY10 budget target. In other cases these vacancies will permit colleges and units to reduce their payroll costs in FY11. The precise dollar savings are not known at this time.
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