Voluntary Exit Incentive for Faculty of Arts and Science staff
March 26, 2024
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As part of ongoing efforts to reach a balanced budget, Queen鈥檚 Faculty of Arts and Science (FAS) today announced a Voluntary Exit Incentive (VEI) pilot program, available for eligible FAS staff only.
The Voluntary Exit Incentive pilot offers eligible FAS staff members an opportunity to voluntarily exit their role 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, to be considered for the pilot program, and will hear whether they have been approved by May 10, 2024. Additional details on the incentive and on FAS staff eligibility are available on a newly created VEI pilot program website.
The Voluntary Exit Incentive pilot program is the latest of several measures implemented by FAS to achieve a balanced operating budget.
The university鈥檚 current need for cost reductions is most acute in the FAS, so the Voluntary Exit Incentive pilot program is only available to staff from FAS. Should the pilot program effectively achieve cost savings, while minimizing impacts on people, the university may expand the initiative to other parts of the university if necessary.
The VEI pilot program for FAS staff is distinct from the Voluntary Retirement Plan (VRP) announced on March 20, 2024, which is available to eligible faculty, librarians, and archivists university wide.
Find more information, including frequently asked questions, and details about upcoming on the Voluntary Exit Incentive (VEI) pilot program website, and learn about the university's Balanced Budget Plan.
