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Every job I've had has paid accrued PTO/Vacation when being let go or even leaving on your own will.
by tylermac1 8y ago
Every job I've had has paid accrued PTO/Vacation when being let go or even leaving on your own will.
- wil421 8y agoEvery job I’ve had does not pay accrued PTO no matter how you left the company. Most states do not require companies to pay out accrued PTO.
- CydeWeys 8y agoYou've had some pretty worker-unfriendly employers then? I too have been paid out unused PTO by every company I've ever worked for (and my current company pays it out too), and I've never worked in a state where doing so is unfriendly.
- wil421 8y agoYes I have and very glad I left. My current employer will pay you out if they terminate you but not if you leave voluntarily.
- CydeWeys 8y agoWell that's a silly and expensive policy. It means that people take long vacations as they're leaving -- but they haven't quit yet, so the company's still on the hook for employment taxes and health insurance. It'd be cheaper for them to just pay it out and then get the employee off the payrolls.
- wolco 8y agoIn Canada you pay 4% towards your vacation each year so it is paid at the end regardless.
- elliekelly 8y agoCan you explain how this works? What do you mean you pay 4% towards your vacation? Like the employee contributes 4% of each paycheck to some sort of escrow account?
- Sgt_Apone 8y agoThe employer pays it for both part and full-time workers. The rates differ by province, but generally this works out two weeks of wages for the first few years with an employer - they can increase this if they want but that's the legal minimum. In practice this just means that you can take two weeks and still get paid. You can forgo your vacation in some instances, but you still get paid out the vacation money. I used to do that when I worked part-time in college and was short of cash for whatever reason. Ontario's rules - https://www.ontario.ca/document/your-guide-employment-standards-act/vacation https://www.ontario.ca/document/your-guide-employment-standa...
- wil421 8y agoSounds like a good option but I like having the ability to roll over a part, if not all, of my PTO. Sometimes people just take off at the end of the year because they have to.
- busterarm 8y agoIf you accrue PTO it's usually paid out but if you have allocated PTO given on a yearly cycle I don't think I've ever seen that paid out. That screwed me when I changed jobs last year actually and I lost 3 days of pay that I didn't take.