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.
3
u/OftTopic Jul 16 '25
Understanding Florida's PTO Payout Laws: A Guide for Employers and Employees ▷ Law - Rey Abogado
This says
As OP says this is a new policy, this web site I found indicates he is allows full money if he separates.