Hello there, I was let go recently and wanted to know what happens to my accrued PTO that does not meet the minimum allocation for the year. Will I still be accruing it until my last day? Will it get paid out for what I have accrued so far? I know I will get paid if I bought PTO.
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Ask your HR rep or check the FAQ on the PTO pages, unless I misremember, it is all prorated, including the min use/lose number.
Poster below is right. 15 days is "take it or lose it." You might as well use your PTO days before you leave. Sorry that you were let go. I know it may not seem like it right now, but trust me, you will be better off in the long run. USAA used to be at the top of places to work, but now it is bottom 25% easily. Good luck.
Sorry to hear that.
Anything above the 15-day minimum gets paid out, the rest isn't. In other words, the most that can be paid out is two weeks (25 days annually minus 15 days you "have" to take). You'll accrue monthly until your last day. Seeing as we're in May, you probably won't have any PTO paid out unless you were with the company for a long time (and thus accruing at a faster rate).
25 days annually = 2.08 days accrued monthly.
Five months of accrual = 10.42 days accrued so far.
If you were laid off and have 60 days notice, that would be 7 months, which would be 14.58 days accrued on your last day — less than the 15-day minimum.
If we want to be generous, round up, and assume eight months, that would be 16.67 days, in which case you would be cashed out for 1.67 days.