It varies. Some companies have 'unlimited' paid time off, others just federal holidays. I don't think there is a federal law governing paid time off. There is a

It varies. Some companies have 'unlimited' paid time off, others just federal holidays. I don't think there is a federal law governing paid time off. There is a law (Family and Medical Leave Act) guaranteeing up to 12 weeks of unpaid time off though. As someone else pointed out, some companies still offer vacation time and sick leave separately. None of the companies I've worked for still do, all have combined those into a single Paid Time Off pool.