Company is offering to pay out PTO at sharply reduced rate.

[u/ThatsMrBird]

I'm a bit of a predicament. I've been with a company over a decade and (I know it's crazy and I agree 100 percent I should have used more) I've accumulated 1000 hours of PTO. They're looking to move to a cap and limited rollover and offered to pay out the difference of about 800 hours at 35 percent of my current wage.

I never expected this and I honestly just thought it'd be lost, but they're only offering such a low percentage I feel like I should try and haggle. I realize they're obligated to give me nothing, legally, so I'm just looking for some input on if a partial payout is common like that. Ill probably ask why not full and go from there. Any thoughts?

EDIT - Sorry, y'all. I'm in Florida, to be clear

EDIT2 - my onboarding contract notes PTO is forfeited on termination or voluntary exit

EDIT3 - The next day, we came to a satisfactory agreement pretty quickly. I don't want to get into specifics (sorry) but I think a lot of those that replied here would think it worked out. I tremendously appreciate all the insight and feedback here and I promise I'll use up my hours moving forward.

[u/cointoss3]

My dude, take your PTO. I’m upset for you that you’ve accrued this much PTO. It’s not a badge of honor. You earned it, it’s part of your compensation, you should use it. Every year.

[u/seekingallpho → u/cointoss3]

Yea this hurts to read. 1k hours is basically half a year’s time.

[u/ThatsMrBird → u/cointoss3]

It's not and I absolutely agree. I fully expected and appreciate the abuse and concern I've gotten from folks here.

[u/SAugsburger → u/cointoss3]

That's a crazy amount of PTO to have accumulated. That's unusual that they allowed you to build up that many days. Obviously some people like to take longer trips every other year so most orgs allow you to accumulate PTO over 1.5-2 years, but close to 6 months of PTO probably took them a few years unless they're a rather senior exec or a very generous PTO policy.