Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

Queen’s Faculty of Arts and Science Launches Voluntary Exit Incentive Program to Balance Budget

The Queen’s Faculty of Arts and Science (FAS) has launched a Voluntary Exit Incentive (VEI) pilot program in an effort to balance its budget. Eligible FAS staff can voluntarily leave their positions and receive 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 considered for the pilot program, eligible staff must submit their application by April 30, 2024, with notifications of approval sent out by May 10, 2024. More information about the incentive and staff eligibility criteria can be found on the VEI pilot program website.

The VEI program is just one of several cost-saving measures implemented by FAS to achieve a balanced operating budget. Due to the university’s current need for cost reductions, the pilot program is limited to staff from that department. If successful, it may be expanded to other areas as needed. It is important to note that this initiative is separate from the Voluntary Retirement Plan (VRP) announced earlier, which is available to eligible faculty, librarians, and archivists university-wide. For more information on both programs, including frequently asked questions and updates on the VEI pilot program, visit the program’s website.

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