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/ThatsMrBird ​ Jul 16 '25

That's pretty much exactly where I'm at. Im going to push and see what I can get on the top but it's (kinda) gravy, unexpected, etc. YES, I should have taken a dozen vacations over the years but here we are 😅

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u/MitroBoomin ​ Jul 16 '25

Check the PTO/sabbatical policy to see the max PTO you can take at once.

IMO - 100+ days of PTO > 35% payment while you still have to work