A New Option for FAS Staff: The Voluntary Exit Incentive Program

Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

The Queen’s Faculty of Arts and Science (FAS) has introduced a Voluntary Exit Incentive (VEI) pilot program to help the department achieve a balanced budget. Eligible FAS staff can 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 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 eligibility criteria can be found on the VEI pilot program website.

The VEI program is one of several cost-saving measures implemented by FAS to achieve a balanced operating budget. Since the university’s current need for cost reductions is most pressing in FAS, the pilot program is limited to staff from that department. If successful, the university may expand the program to other areas if needed.

It is important to note that this initiative is separate from the Voluntary Retirement Plan (VRP), which was announced earlier and 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 their respective websites.

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