PTO Policy Update
The past year has once again proven that our people are the key to success for Norco. As we continue to evolve and adapt, this includes changing policy and practice to provide continued support for our Employee Owners that drive long-term success. One of these changes is to our Paid Time Off Policy.
• Eliminating the rollover cap of 168 hours - replaced with a higher PTO ceiling of 232 hours.
• Moving forward, once the cap of 232 hours is reached, PTO accrual will stop until the balance falls below the cap. Then accrual will resume.
• Edits to clarify language
• Minor changes to the payout section.