Queen’s FAS Launches Voluntary Exit Incentive Pilot Program Amid Budget Shortfalls

Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

The Queen’s Faculty of Arts and Science (FAS) has launched a Voluntary Exit Incentive (VEI) pilot program as part of its ongoing efforts to achieve a balanced budget. The program is 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.

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

The VEI program is one of several cost-saving measures implemented by FAS to achieve a balanced operating budget. Given the university’s current need for cost reductions, the initiative is limited to staff from that department only. If successful in achieving cost savings while minimizing impacts on employees, the university may expand the program to other areas if necessary.

It is essential 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 the university. For more information on this program, including frequently asked questions and updates on the VEI pilot program, visit its website.

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