• Tue. May 28th, 2024

Queen’s University Introduces Voluntary Exit Incentive for FAS Staff Amid Budget Constraints

BySamantha Nguyen

Mar 27, 2024
Offering a Voluntary Exit Incentive for Faculty of Arts and Science Staff

Queen’s University is facing budget constraints and has introduced a Voluntary Exit Incentive (VEI) pilot program for eligible staff in the Faculty of Arts and Science (FAS). This program offers eligible employees the opportunity 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 VEI pilot program is just one of several measures FAS has implemented to achieve a balanced operating budget. To be eligible for the program, 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.

While the VEI pilot program is only available to staff within the FAS faculty, if it proves successful in generating cost savings while minimizing negative effects on employees, the university may consider expanding it to other areas as needed. The focus on cost reductions within the FAS is most urgent due to its size and scope.

It’s important to note that this 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 about both programs, including frequently asked questions, visit their respective websites.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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