Thread regarding Cigna layoffs

Roll over the time we are allowed and have an extra chunk of change paid out post transition.

Company wants you to use all your PTO in 24 to have less to pay out in 25.

Take it now. HCSC just changed their PTO to have a 2 day rollover limit, effective immediate (down from 5 days).

if you read the FAQ in IRIS it does provide information:

Will my Cigna Group Paid Time Off (PTO) balance carry over to HCSC? Will I accumulate PTO hours at the same rate?
Any accrued and unused PTO time remaining through your Cigna plan will be paid out within 60 days following close. It’s important to keep any banking accounts active that are linked to your Cigna payroll. Should you have questions, please contact the Cigna Employee Service Center at 1-800-551-3539. After closing, you will be eligible to accrue vacation and paid time off in accordance with the HCSC plans and polices. We will share more detail as it becomes available.

Given that accrued PTO is being paid out at closing will I have access to paid time off following the transition?
Our understanding of HCSC’s paid time off programs is that immediately following the transition employees will have access to paid time off. Additionally, our agreement specifies that transitioning employees will also have access to unpaid time off following the transition up to the number of hours of PTO paid out at closing if situations arise where this is needed. Further details on all of HCSC’s benefit programs will be shared as we approach the transition date next year.

Take the PTO. Your free time is more valuable than a payout that may not be honored.

From personal experience, take the PTO. In the event of mergers and acquisitions anything goes, they may try to preserve your carryover in the new company, or they may choose not to. I have been involved in various mergers. In one I lost over 2 weeks of sick time (we had sick time in one of my past companies) and in the next they just wiped all of it out and everyone went to zero on Jan 1, no payout, no carryover, and started earning PTO as if it was Day 1 on the job.

The 56 hours rule of rollover pto will almost certainly remain.

It's kind of a roll of a dice when you think about it. Take your PTO like normal and possibly lose out of a larger payout saving Cigna some money. Don't take PTO and bank them only to find out the hard way that you will lose out on hours not being paid out. Like always the answer is as clear as mud.

They have advised us to take our PTO. We probably won't know the exact payout limit, if there is a limit, until 4th qtr. Use your PTO.