The Queen’s Faculty of Arts and Science (FAS) has recently introduced a Voluntary Exit Incentive (VEI) pilot program as part of their ongoing efforts to achieve a balanced budget. Eligible FAS staff members who wish to leave their position can apply for the program and receive 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.
In order to be eligible for the VEI pilot 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 newly created VEI pilot program website.
The VEI program is one of several cost-saving measures implemented by FAS 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 on the VEI pilot program, visit their respective websites.
