Queen’s FAS Introduces Voluntary Exit Incentive Pilot Program to Reach Balanced Budget

Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

The Queen’s Faculty of Arts and Science (FAS) has recently introduced a Voluntary Exit Incentive (VEI) pilot program in order to reach a balanced budget. This program is specifically designed for eligible FAS staff members who may choose to leave their position in exchange for a lump sum payment equivalent to four weeks of regular salary per completed year of service, up to a maximum of 52 weeks for longer-serving employees.

Eligible staff must submit their application by April 30, 2024, and notifications of approval will be sent out by May 10, 2024. Detailed information about the incentive and staff eligibility criteria can be found on the newly created VEI pilot program website.

The VEI program is just one of several cost-saving measures implemented by FAS in an effort to achieve a balanced operating budget. Given the current need for cost reductions at the university, the pilot program is limited to staff from the FAS department only. If the initiative proves successful in achieving cost savings while minimizing impacts on employees, there is potential for expansion to other areas as needed.

It’s important to note that the VEI program for FAS staff is separate from the Voluntary Retirement Plan (VRP) announced earlier, which is available to eligible faculty, librarians, and archivists across all departments at Queen’s University. For more information on both programs, including frequently asked questions and updates on the VEI pilot program, visit their respective websites.

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