Voluntary Redundancy (VR) Scheme

Voluntary Redundancy (VR) Scheme

Overview

Following consideration of feedback on the Briefing and Consultation Paper dated 18 August 2020, the University has made a decision to proceed with the proposed Voluntary Redundancy (VR) Scheme. The VR Scheme will be open for a period of 6 weeks from 14 September 2020 until 25 October 2020.

Application Process

Applications for VR can be submitted through the PageUp Portal

You will be required to complete an application form with some basic mandatory questions. These questions must be answered in order to progress with your application.

Calculator

The University has developed a calculator  to enable you to generate an estimate of the payments you may receive under the VR Scheme. A guide to using the calculator has also been developed to provide information on how to use the calculator.

Voluntary Redundancy Calculator XLSM 78KB

Guide to Using the Voluntary Redundancy Calculator PDF 129KB

Please note that these calculations are indicative only. Upon lodgement of an application for Voluntary Redundancy, our Payroll team will provide you with a formal estimate.

Superannuation

Deciding to apply for Voluntary Redundancy is a significant decision, and you may be wondering what steps to take next.

Reviewing your financial situation and learning about the options available can help you make the most of your finances at this time.  UniSuper Advice have arranged a live webcast, Supporting you through redundancy, which will cover:

  • how your redundancy entitlements are taxed
  • possible income replacement options
  • key issues if you’re considering retiring
  • important decisions to make, and
  • how UniSuper can help you.

During this interactive webcast presented by UniSuper’s Judy Lu, Private Client Adviser, you will  have the opportunity to ask questions and have access to a range of helpful resources.

Registration

Your registration details are kept confidential by UniSuper.

If you would like in-person advice, Andrew Syarief, Macquarie University’s on-campus UniSuper consultant, is available to provide free superannuation information that is general in nature. Make an appointment to meet with Andrew online.

UniSuper also has private client advisers who can provide comprehensive financial advice tailored to your individual circumstances. These services are available for a fee. Please call 1300 331 685 to make an appointment.

Frequently Asked Questions

I am on a fixed term contract. Can I apply for VR?

No. Only continuing staff members are eligible to apply for Voluntary Redundancy.

I am currently on extended leave or leave without pay. Am I eligible to apply for VR?

Yes. You are eligible to apply if you are currently on paid or unpaid leave.

I am currently on parental leave. What will happen to my remaining paid parental leave if I take VR?

The remainder of your paid parental leave will be paid out to you.

Will I receive Superannuation on my VR payment?

No superannuation is payable on any component on the VR payment.

I am thinking about applying for VR. What are my entitlements?

Voluntary Redundancy benefits are calculated in accordance with the relevant enterprise agreement. The links below provide further information:

In addition to the Voluntary Redundancy benefit in accordance with the relevant enterprise agreement, you will also receive the following payments:

  • A payment in respect of any accrued and untaken annual leave (calculated at your final date of employment);
  • Any entitlement to annual leave loading;
  • A payment in respect of any accrued and untaken long service leave (calculated at your final date of employment).

You are entitled to a payment in respect of long service leave in accordance with your relevant enterprise agreement if you have completed 10 years of continuous service. If you have completed at least 5 but less than 10 years of continuous service, then you will receive a payment for accrued and untaken long service leave calculated on a proportionate basis of the entitlement under relevant legislation (which is 2 months for 10 years continuous service).

How can I calculate an estimate of my VR package?

The University has developed a calculator which will enable you to generate an estimate of the payments you may receive under the VR Scheme. Please note that these calculations are indicative only.

Upon lodgement of an application for Voluntary Redundancy, our Payroll team will provide you with a formal estimate.

I am currently acting in another position on secondment or receive a higher duties allowance. How will this impact my Voluntary Redundancy benefit?  

Voluntary Redundancy benefits are calculated on your substantive base salary. This does not include any higher duties allowance or additional remuneration you may receive as a result of any secondment arrangement.

I currently receive a salary loading. Will this be included in the calculation of my payment?

Your Voluntary Redundancy benefit is calculated on your base salary, which excludes salary loadings. Payments in lieu of any accrued and untaken annual leave will be calculated based on the amount you would have received had you taken the leave.

How do I find out more information about the potential impact of a Voluntary Redundancy on my superannuation?

The University has arranged information sessions with UniSuper. Unisuper also provide one on one financial advice upon appointment. Please see the Superannuation section above for more information.

Staff members considering an application for Voluntary Redundancy are also encouraged to seek independent financial advice regarding their personal circumstances.

What happens with my salary packaging arrangements with NLC?

It is important that you seek advice from NLC regarding your salary packaging. Information on NLC is available on the Employment and Benefits page.

Do I need approval from my manager to apply for Voluntary Redundancy?

Although manager approval is not required, we encourage staff members who are considering an application to speak with their manager.

How will applications for VR be considered? Who is on the panel?

Throughout the application period, the University’s Voluntary Redundancy Panel will meet to consider all applications. The members of the Panel will be:

  • Professor Sakkie Pretorius – Deputy Vice-Chancellor (Research)
  • Professor Mariella Herberstein – Deputy Vice-Chancellor (Academic)
  • Nicole Gower – Vice-President, People and Services
  • Robin Payne – Vice President, Finance and Resources
  • Nick Crowley – Director, Human Resources

The Panel will seek input from relevant Executive Group members on the applications in their respective portfolios. The Panel will need to be satisfied that there is appropriate planning in the relevant work unit to manage and mitigate the impact of any voluntary redundancies.

I am not interested in applying for VR, but I have a colleague who is interested in applying. Their manager has told them they cannot apply because they need their position. Can I do a job swap so they can apply for VR?

The primary objective of the job swap provisions is to enable a staff member whose position is not impacted by a change proposal, but would accept a Voluntary Redundancy to swap with a staff member who is affected by the change proposal. As the VR Scheme is entirely voluntary, the job swap provisions are not relevant in these circumstances.

Am I able to withdraw my application for VR once it has been submitted?

Upon lodgement of an application for Voluntary Redundancy, our Payroll team will provide applicants with an estimate, based on an end date of either 27 November 2020 (for staff who apply before 28 September 2020) or 11 December 2020 (for staff who apply after 28 September 2020). Applicants will have 48 hours from receipt of their estimate to request withdrawal of their application. Requests to withdraw an application should be made to the HR Director at hr.director@mq.edu.au

If I make an application for Voluntary Redundancy, does the University have to accept my application?

No.  Making an application for Voluntary Redundancy does not guarantee it will be accepted. The University may decline an application where the position is required for ongoing operations.

How will I know if my application for VR has been accepted?

Staff members will be notified of the outcome of their application when the University Panel has reviewed applications.

If my application for VR is accepted, when will my employment cease? How will a handover be conducted?

The following arrangements will generally apply:

For staff members who lodge an application for VR before 28 September 2020 (and hence are eligible for the additional 4-week payment)

Last day of employment will be 27 November 2020, unless otherwise agreed and approved by the Director, Human Resources.

For staff members who lodge an application from 28 September 2020

Last day of employment will be 11 December 2020, unless otherwise agreed and approved by the Director, Human Resources.

Handover arrangements will be managed by each area. If your application for Voluntary Redundancy is accepted, your manager will work with you to make arrangements for any required handover.

Can I appeal the decision?

No. The decision of the University panel is final.

If my application for Voluntary Redundancy is accepted, can I come back to work at Macquarie University in another position, or as a casual staff member?

Academic, Professional or MUIC staff members who make an application for Voluntary Redundancy which is accepted will not be eligible for re-employment in any capacity for a period of at least 12 months from their last day of employment.

ELC staff members are not permitted be re-employed on a continuing basis by Access MQ for at least 2 years (as per the relevant enterprise agreement).

If my VR application is accepted, will I be eligible to apply for an honorary appointment with the University?

If you are an academic member of staff, and your application is accepted, you may be eligible for appointment in an honorary capacity with the University. The offer of any honorary appointment will be made in accordance with the University’s Honorary Academic Titles Policy, Procedure and Schedule. We would encourage you to discuss this with your Head of Department or Executive Dean in the first instance.

Further Assistance and Information

We recognise that this is a challenging and uncertain time for our community. We would encourage you to access our Employee Assistance Program (EAP) if you feel you need additional support during this time. EAP is a confidential counselling, coaching and wellbeing service free for all for Macquarie University staff and their immediate family members.

Call Benestar on 1300 360 364 or create your BeneHub account to access our EAP services.

If you have any further questions, please contact your HR Client Team representative in the first instance.

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