Voluntary Retirement Incentive Program Update

To all members of the Carleton community,

We are writing to provide an update on the Voluntary Retirement Incentive Program (VRIP). The initiative was launched in November to provide eligible employees with a lump-sum financial incentive to help them transition to retirement over the coming year.

Applications for the VRIP have closed and we have corresponded with applicants to confirm retirement dates. 112 staff and 42 faculty members applied for the VRIP and all were approved. We are working with leadership teams in the affected areas of the university to prepare for the associated operational impacts.

The VRIP is one component of our plan to address annual deficits in the short and medium term. Thank you to everyone who has taken time to share thoughts and suggestions about the university’s financial status. We encourage you to continue sharing your input through the Provost’s website.

We are working to finalize the 2025-26 operating budget which will be presented to the Board of Governors for approval in April. We will continue to provide information regarding the university’s financial state in a clear and transparent manner, which will include a town hall in April and budget webinar in May.

All community messages related to Carleton’s budget will be posted on the Provost’s website.  

Sincerely,

L. Pauline Rankin
Provost and Vice-President (Academic)

Duane McNair
Vice-President (Finance and Administration)