May 21, 2024 1:06 pm
Offering a Voluntary Exit Incentive for Faculty of Arts and Science Staff

In an effort to achieve a balanced budget, Queen’s Faculty of Arts and Science (FAS) has introduced a Voluntary Exit Incentive (VEI) pilot program for eligible FAS staff. This program allows eligible staff members 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.

Eligible staff who are interested in the VEI pilot program must apply by April 30, 2024 and will receive notification of their approval status by May 10, 2024. The incentive and eligibility criteria can be found on the newly established VEI pilot program website.

The VEI pilot program is one of several measures FAS has implemented to achieve a balanced operating budget. The focus on cost reductions within the university is most urgent in the FAS, which is why the VEI pilot program is only available to staff within that faculty. If successful, the university may decide to expand it to other areas if needed.

It’s important to note that the VEI pilot program for FAS staff is separate from the Voluntary Retirement Plan (VRP) announced earlier, which is open to eligible faculty, librarians and archivists university-wide. For more information including frequently asked questions, visit the Voluntary Exit Incentive (VEI) pilot program website.

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