The new faculty pay model is basically an insult to long-term and doctoral-level faculty. UOP ended the extra pay for faculty who had taught for years and for faculty with PhDs. Pay is now on based on which school the course is in. Essentially, all faculty will make the same as the new faculty with less advanced degrees and with less teaching experience. There is no incentive for faculty to stay because the pay was already well below what other universities pay and now it is even worse. Once again, UOP has reduced costs at the expense of quality. Students always get shafted.
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Let me know if you'd like to talk.
I'm in the same boat.. my pay is substantially cut now and I have put in over ten years of time