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New Queen’s University program encourages FAS staff to voluntarily exit with attractive incentive

Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

New Queen’s University program encourages FAS staff to voluntarily exit with attractive incentive

As part of its efforts to achieve a balanced budget, Queen’s University’s Faculty of Arts and Science (FAS) has launched a Voluntary Exit Incentive (VEI) pilot program. This initiative is designed to provide eligible FAS staff members with the opportunity to voluntarily leave their positions 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 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 an effort to achieve a balanced operating budget. Given that the current need for cost reductions is most pressing in FAS, the pilot program is limited to staff from that department. If 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 on the VEI pilot program, visit their respective websites.

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