On Feb. 28, 2014, DPS announced a new severance plan for DFT members entitled the Employee Severance Plan (ESP). Eligible members will be mailed an information packet in the next few days. This plan is much improved over last year's plan.
The new severance plan addresses concerns the DFT expressed regarding last year's plan. Specifically, in addition to participants receiving 60 percent of their 2013-14 base annual salary (60 percent of: BA, step 10 = $33,659; MA, step 10 = $39,159; MA+30, step 11 = $39,579; Dr., step 11 = $39,759), the new plan will: