Mgmt employee (ie- non union) considering flying the coop in early 2022. I know the PTO policy has a formula to pay out for a portion of PTO depending on time of year you leave. Does it make sense to take a week at the beginning of the year before I resign? Will it impact the formula?
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I quit earlier this year and found out the following:
- If you had taken more than your earned vacation BEFORE providing notice, nothing happens.
- If you had taken fewer than your earned days by the time your employment ends, you get paid for those remaining days after you separate.
- If you want to take more than your earned days between notice and last day, they will block you or failing that (let's say you just take off without permission) dock your pay.
There is a schedule somewhere in the HR section about how many days accrue by month (Jan, Feb etc), based on years of service and Level.
IMO this seems fair, and actually #1 is more than fair. I am not a T cheerleader (hence the quitting) but give the devil its due.
If youre worried about PTO accruement in the same sentence as quitting.... leaving early.... or retiring, then maybe you should see a financial planner first, before pulling this trigger. You may be making a mistake....
I left in August. The policy then was they prorated any time you had left. However you did not have to pay back anything you’ve used, even if you used it all prior to leaving. Maybe it’s changed, but that was the policy as of a few months ago.
the questions are a riot
If leaving in January, who would even expect to be able to use all their normal vacation time? There are so many spoiled and lazy employees on here!
They closed that loophole several years ago. Initially, you could only take PTO as it accrued, then it was changed so you could take it any time during the year. For a brief period, if you left the company, they just ate it, but not any more. Now, if you leave early, they take it back.
HR will claw back any and all unearned benefits, PTO included. Don't delude yourself into thinking they won't find out, one way or another they will get it back.
I would of said take all your PTO in Jan and then leave. However, not sure if they would dock your pay on last paycheck because you technically didn’t earn it yet. Curious what the answer is.
I would have been eligible, if I met MR rule of 75. I have other reasons for leaving when I am. This was just a small, side consideration, a freebie if you will. Of course nothing is free at T.
Just get out, what a joke, worrying about a few hours of 2022 PTO!
" If you are management why in the H would you not just leave now and keep your medical stipend?"
You seem to be under the impression that ALL management was eligible for pre-65 healthcare insurance subsidy. Not the case at all. Dependent on hire date and legacy company, and is actually only between 15-20% of non bargained for workforce.
Check the policy for taking all your vacation and PTO. Does T reduce last pay check for unearned VACA that was taken?
No, you only earn umm a couple of days for the whole month, 1 week is like 1/2 a day. You only get paid out what you have earned for the year.
Because I do not have 20 years and do not meet MR rule of 75 so do not qualify by end of year. Very simple.
If you are management why in the H would you not just leave now and keep your medical stipend? You will need to stay until the end of January just to earn a measly 1/12 of your vacation 3.36 days and lose your medical. Why?