If I am laid off, hypothetically speaking, how will the vacation payout be handled by Target. Are there rules outlining what happens here? Also, are there differences between states (e.g. California may be different if compared to Minnesota or something like this). Again, this would be for layoffs not for firing due to performance issues.
4 replies (most recent on top)
They pay out your vacation time but not PH's
They pay you the vacation you earned. Also it's taxed at a higher rate so don't expect a normal paycheck.
Hypothetically speaking, you will get paid out any accrued vacation and PH, but only if you are laid off and get a package. If you resign you won't get it.
In CA they cash out any accrued time