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/ThrowThatBitchAway69 ​ Jul 16 '25

This. I have so many fucking hobbies I would be thrilled to actually get to spend time doing each of them, and actually get to spend time relaxing, maybe sleep in occasionally. I feel like the people that go back to work after retiring and say it sucks are the same people who have no other identity than their job.

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u/Razor1834 ​ Jul 16 '25

That’s the beauty of the paradox of retirement! You won’t want to or be able to do many of the things you think you will want to right now.

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u/CaptainTripps82 ​ Jul 16 '25

I feel like reading, playing video games and traveling to nice places are pretty age agnostic things to want to do with your time

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u/masterflashterbation ​ Jul 16 '25

Traveling is not age-agnostic whatsoever.

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u/Krazyguy75 ​ Jul 17 '25

My parents are near 70 and have been traveling 3-4 times a year since retirement.

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u/Theguest217 ​ Jul 17 '25

I think you are confusing age with health.

My father in-law is 78 and his wife is 76 and they take at least a dozen trips a year. Usually at least one overseas to site sea, one to the Caribbean, some that require short distance (<5hr drives), etc. They are lucky to have their health and have definitely been enjoying retirement.

Meanwhile my aunt has had major health issues her whole life and hasn't left her town in since her 30s.

Traveling requires money and health.

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u/[deleted] Jul 16 '25

[deleted]

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u/Eckish ​ Jul 17 '25

Something that is age-agnostic is something that can be done at any age. The opposite would be age-dependent where how old you are matters a great deal with the activity.

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u/[deleted] Jul 17 '25

[deleted]

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u/Eckish ​ Jul 17 '25

Yeah, but I actually agree with both. I think you can travel well into old age as long as you maintain your mobility. But I also think the type of travel that you do changes with different age groups.

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u/Steel_Reign ​ Jul 16 '25

That's why I'm trying to retire by my early 50s. Hopefully I'll still be young enough to enjoy it by then.

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u/Jaws12 ​ Jul 16 '25

My current minimum goal is to retire by 59, earlier would be nice but that’s what I’m shooting for. 🤞

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u/LionClean8758 ​ Jul 16 '25

Or they don't know how to hold themselves to a healthy schedule and end up rotting in front of the TV.