• Thu. Jun 13th, 2024

The Queen’s FAS Launches New Voluntary Exit Incentive Program: Here’s What You Need to Know!

BySamantha Johnson

Mar 27, 2024
Voluntary Exit Incentive Offered to Faculty of Arts and Science Staff

The Queen’s Faculty of Arts and Science (FAS) has launched a new Voluntary Exit Incentive (VEI) pilot program aimed at reaching a balanced budget. Eligible FAS staff members can voluntarily leave their positions 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.

To be eligible for the program, staff must submit their application by April 30, 2024. 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. Given the current need for cost reductions in the FAS department, the pilot program is limited to staff from that area. If successful, the university may expand the program to other areas as needed.

It’s 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.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

Leave a Reply