At a time when reducing costs remains a top priority as we continue to fix, grow and transform our business, we have decided to eliminate annual carryover and transition the PTO program to a fiscal year calendar, effective March 31, 2017. This decision, which aligns our practices with other companies and the retail industry, affects all Follett team members.
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On the bright side that's about 10 more days I can take off to interview for new jobs so I don't lose the days.
I think they fund PTO as it accrues, too. So if they wipe out you access to funds they've set aside, it either covers their PTO liability for the coming year, or they throw themselves a party.
That's so when they lay you off in March, they don't have to pay out any PTO. Last year they reduced the amount of carryover and had a big layoff in March.
Need to get all that accrued vacation off the books