FAS Introduces Voluntary Exit Incentive Program to Balance Budget and Minimize Employee Impacts: Eligibility and Details

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 an effort to reach a balanced budget. This initiative is specifically aimed at eligible FAS staff members who may wish to voluntarily 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 program, staff members 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 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 order to achieve a balanced operating budget. As the university’s current need for cost reductions is most pressing in the FAS, the pilot program is limited to staff from that department. If the initiative proves successful in achieving cost savings while minimizing impacts on employees, the university may expand the program to other areas if needed.

It is 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 university-wide. For more information on both programs, including frequently asked questions and updates, visit their respective websites.

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