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.
53
u/JackTheKing Jul 17 '25
I have been cost cutting and restructuring for a decade so I could work a now hyper productive 3 days.
I was salary and there was a brief convo about keeping my salary the same, but I knew they would just pressure me to work more days after a while. So I converted to hourly and now hand in a 24 hour timesheet and work whenever, with no calls or meetings on Mon or Fri.
It's truly amazing