[internetworkers] PTO vs Standard Leave
lorilral1 at earthlink.net
Sun Nov 14 08:10:38 EST 2004
Something else to consider when evaluating a move to PTO is cash-out. ALL accrued, unused PTO time is payable upon separation from your employer in NC. Under the "traditional" Vacation, Sick, Personal...not all time has a cash value if you leave. PTO, like any plan, has advantages and disadvantages for employees and employers alike, but this is one area that typically benefits employees.
From: Matt Frye <mattfrye at gmail.com>
Sent: Nov 14, 2004 7:14 AM
To: cmccarthy1 at nc.rr.com,
"Internetworkers: http://www.ibiblio.org/internetworkers/" <internetworkers at lists.ibiblio.org>
Subject: Re: [internetworkers] PTO vs Standard Leave
I am not sure if this helps, since I work at Rex and I'm not sure
how close our plans were/are. We get 8hrs of PTO per pay period, so
effectively 26 days per calendar year. We don't get holidays, i.e. we
have to use PTO for Christmas, New Year, etc and not all national
holidays are Rex holidays. For example, it's not customary for
everyone (if you get my meaning) to take off for MLK day.
We get 24 hours per year of bereavement leave, but as I understand it,
it's hard to get approval for that and GA and HR are not above asking
to see a death certificate. Hell, they wanted to see my separation
agreement before they'd take my former wife off my insurance.
In any case, it's not the best plan out there, but it can be argued
that we get other benfits out of the deal. Hope that helps.
On Sat, 13 Nov 2004 09:35:08 -0500, Colleen McCarthy
<cmccarthy1 at nc.rr.com> wrote:
> Hi Folks,
> Are any of you working under a Paid Time Off benefits plan? When I worked
> for UNC Health Care, this was the policy that was in place for new
> employees. We got 38 days a year that we could use for sick, vacation, and
> holidays. There is a committee that is looking at the possibility of
> offering PTO to a larger group of State employees. If any of you are
> working under PTO, would you please let me know the company name, number of
> days that you get, and what they can be used for? One difference in plans
> that I've noticed is that some companies include holidays in the PTO days,
> and some companies give you PTO time plus holidays.
> Thanks much!
> Colleen McCarthy, BSEE, MBA, PMP
> Project Manager
> Office of the Governor
> State Department of Information Technology Services
> colleen.mccarthy at ncmail.net
> W (919) 981-5300
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