Queen’s FAS Introduces Voluntary Exit Incentive Pilot Program to Balance Budget

Offering a Voluntary Exit Incentive for 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 achieve a balanced budget. This program allows eligible FAS 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 must apply by April 30, 2024, and receive notification of their approval status by May 10, 2024. More information on the incentive and eligibility criteria can be found on the newly established VEI pilot program website.

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 the program proves successful in generating cost savings while minimizing negative effects on employees, the university may decide to expand it to other areas if needed. It is important to note that this program is separate from the Voluntary Retirement Plan (VRP) announced earlier, which is open to eligible faculty, librarians, and archivists university-wide. For more information on this plan, including frequently asked questions, visit the VEI pilot program website.

Sophia Reynolds

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