Queen’s University Introduces Voluntary Exit Incentive Pilot Program for FAS Staff: Balancing Budget and Supporting Employees

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

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.

To be considered for the VEI pilot program, eligible staff must apply by April 30, 2024, and will 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. This program is one of several measures FAS has implemented to achieve a balanced operating budget.

It is 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.