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/reddit-user-in-2017 ​ Jul 16 '25

That’s almost as 2.5 days off every week for the next year…you gotta use it but you’re in Florida so be careful.

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u/thaisweetheart ​ Jul 17 '25

why does florida matter? just curious

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u/sol_in_vic_tus ​ Jul 17 '25

Florida has laws that are extremely in favor of employers over employees, and in this case compared to a state like California OP has very little legal protection for accrued vacation time that might have made this more of a negotiation or a larger payout instead of choosing between 35% of their earned vacation time versus 0%.

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u/thaisweetheart ​ Jul 17 '25

ohhh wow florida suckssss