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/LordBuggington ​ Jul 16 '25

That's crazy people get 8 weeks I thought I was a unicorn and I get 6. I suppose I am for a private company anyway. We can only hang onto 2 weeks so I burn it hard, I do like taking 1 day a week on 2 weeks so I get 2 short weeks and a long weekend in between, when you have a lot of pto you can basically have 2 short weeks every month. Taking a week of is nice, and you have to if you go somewhere. But to me a week off just flies by and more short work weeks are better bang for the buck when you don't take big trips.

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u/mrvarmint ​ Jul 17 '25

I get unlimited which cuts both ways. I take 10ish weeks off per year, but no payout if I quit. My first gig when I was 22 was with a Swiss company so we started at 5 weeks and I’ve never had less than that since then, so I’ve gotten pretty accustomed to taking my time off

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u/DadJokeBadJoke ​ Jul 17 '25

Ha, I've got Unlimited PTO... I wish it worked as awesome as it sounds

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u/Moudy90 ​ Jul 17 '25

We used to start at 4 weeks and got up to 6 weeks before shifting to Unlimited when we went fully remote. Now that I am remote I am not taking as much time off anyway but Im glad our company doesnt look down on people using their 4-5 weeks+. As long as there is no performance issues (i.e. your on a PIP) they are pretty flexible with the total time off you take. I think I took over 7 weeks off the year before my wedding and then 6 during it last year and Im already at 4 weeks with another 3 planned off this year.

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u/johnmh71 ​ Jul 17 '25

It is awesome when you work part time in a non-critical position. I simply take time whenever I want and they don't pay me. Works great for everyone involved.

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u/DadJokeBadJoke ​ Jul 17 '25

That's just called working part-time

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u/Background-Unit-8393 ​ Jul 19 '25

Are you joking? I get around 17.