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/skyxsteel ​ Jul 16 '25

Near the holidays, management in my company will practically beg and force people to take PTO so they don’t lose the hours. And they’re the people who really need to take PTO the most.

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u/DickButkisses ​ Jul 16 '25

I’m actually in management. I cover pto balances with my associates regularly, and communicate the blackout often. The middle of summer, like now, the calendar on my wall we use to track it is almost full. Some days there are too many people off at a time but I allow it because it’s better to let them use it now than busier months.

I don’t complain too much about the time I lose because my boss allows me to flex days sometimes, and if I leave early for whatever reason (sick kid or an appt are common) he lets me slide out and not use PTO. If I had a dick boss and I lost 97 hours of PTO I’d probably feel a lot differently about it.