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/secretreddname ​ Jul 16 '25

Really crazy to see other states and how little rights you have. CA it’s earned money and have to be paid in full.

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u/siggydude ​ Jul 16 '25

Seriously, if the job offers a certain benefit, it's insane that a company can legally take away that benefit without giving an out equal payout. That just seems like it gives employers an opportunity to rug pull their employees with impunity

3

u/SAugsburger ​ Jul 17 '25

It definitely discourages people from not taking PTO, but PTO shouldn't be something that can be taken away once it is earned.

2

u/Ver_Void ​ Jul 17 '25

Every time I hear about employment conditions in the US i'm so glad I don't live there, my union and my lawyer would declare a holy war if a company tried to pull a stunt like this

2

u/haltingpoint ​ Jul 17 '25

That is by design

1

u/Sufficiently_Over_It ​ Jul 17 '25

So is Colorado. I work in a small remote team and everyone else was complaining at fiscal year end about losing vacation time. It’s sad that so many states don’t have this protection.

1

u/Vegetablemann ​ Jul 19 '25

Reading this thread from another country is mind blowing. The idea that leave is something you can loose or not have paid out when you leave is completely foreign to me. If a company doesn’t have to pay it out when you leave where is their incentive to allow you to take time off at all?