Cashing in pto

[hbomdiggity]

Apparently DH's company allows employees to cash in up to 40 hours of pto per year. DH currently has 160 hours of pto, which is the max he can carryover at anytime. In February his max carryover allowance will go up to 200 hours.

But because he is at his max for now, he pretty much has to take 1 day off every 2 pay periods or his loses it. Unfortunately I have zero vacation at the moment so a vacation is not an option.

While we are trying to get some projects done around the house, his leave policy is fairly flexible in that he only has to work one hour a day before it counts and he can also work from home - so random appointments don't eat up pto and he really only ever uses pto when he is completely unavailable/ oot.

So would you go ahead and take the cash? It's not a ton of money, but he'd still have plenty of pto and not feel required to sit at home or lose it when he forgets (he lost a couple hours last pay period).

[ohgillian]

Can I have his job?

I would cash it out rather than losing it.

[takeonyou]

Cash it out!

[LoveTrains]

Heck yes he should cash it out. That is a nice chunk of change for me.

[Deleted]

hell yeah. why are you at all hesitant. does it cash out at a rate 1/2 his pay or something?

[hbomdiggity]

Seriously, i was pretty surprised when he was telling me he was going to start losing time if he didn't take some time off.

Also, I know he was down to 0 hours two years ago. But I guess we really haven't taken vaca much since (usually around paid holidays) because of my job.

[hbomdiggity]

LoL! Well I think he was going to hr today to get the info, but it looks like this is a no brainer!

[chessie]

Def! I wish i could do this..I have 400 hrs just chillin' and I can't use that bank unless I use the current years PTO time.

[dr.girlfriend]

Of course! Once I knew I was done with maternity leaves, I've cashed out the max every year, and we can cash out 120 hours! :-)

[kadams767]

I would cash it out. Unless he is interested in taking a few days off here and there, which I would probably also do. I have more PTO than DH and will take an extra day for myself every so often.

[rt2008]

I would cash it! We can cash up to 60 hours a year. I'm saving mine up for a hopefully future maternity leave, but after that I plan to cash out as much as I can each year (with still some saved just in case!)

[pamela]

My last job had a very similar deal and we would cash out the excess. Why in the world would he be willing to lose it when he could get paid for it?

We also had the awesome option to roll up to 80 hours into a retirement bank. Whenever you left the company, those hours were paid out at your final salary rate. So what the CEO saved his first year as a lowly paid new person would get paid out at his CEO rate when he retired.