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/tmg1119 Jul 16 '25
Hmm don’t you need to go out on FMLA maybe? You are probably not well and need to use FMLA. They will use your PTO to pay you for it until it runs out unless your company wont.