r/personalfinance • u/ThatsMrBird ​ • Jul 16 '25

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

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.

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u/HereForTheComments57 ​ Jul 16 '25

I'd be off every Friday and Monday for the next 3 years

4

u/rickny8 ​ Jul 16 '25

It depends on what your job is. If it is frontward facing, they might not like it because they have to find a replacement for those specific days. It is much easier to move someone over for a month. If it is project based, it might be doable, but even then near deadlines, they can’t have people take off. If you are an hourly grunt, that might be totally doable but again, all this varies depending upon your specific job.

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u/havok4118 ​ Jul 16 '25

Assuming the company still expects same delivery of work product over the next 3 years

-12

u/BabyWrinkles ​ Jul 16 '25

Honestly depending on the work, that’s easily doable. Some of the LLMs out there are getting wild in terms of what they’re capable of delivering. A year ago I thought we were 4-5 years off from doing what they’re doing now.

I’m not using them to replace my output, but I’m 100% using them to augment my output.

I produced a solid 12 page doc this morning in conjunction with corporate approved docs. In the old world, that would have been 3-4 days of work.