Human Resources > Voluntary Separation Incentive Program
The University is offering a Voluntary Separation Incentive Program (VSIP) to long-serving full-time staff who meet the eligibility criteria to participate. The VSIP is a step toward achieving our budget goals and enabling us to deliver on the promise of our mission going forward. VSIP is a completely voluntary program.
The program offers one year of 2022 W-2 gross wages to all eligible participants and will be paid in a lump sum (subject to all applicable withholdings for federal, state and local taxes), in addition to full vacation accrual for 2023 (less days taken). Eligible employees who are currently enrolled in DePaul medical plans will also receive fully subsidized medical coverage for the remainder of calendar year 2023. The subsidized coverage will either be based on an employee's current insurance plan (HMO, PPO, CDHP) or their election of the retiree medical plan (BCBS Medicare Advantage).
Full-time staff who meet one of the following criteria as of June 30, 2023: