PTO Bank:
34.15 Employees may carry earned, available PTO from pay period to pay period, and into each new calendar year.
34.16 The accrual of PTO will end when the employee’s available PTO is equal to 100% of the annual PTO accrual. Accrual will begin again when available time is reduced through usage and/or sell-back.
34.17 In the event an employee transfers to a non-benefit eligible position, available PTO will be paid to the employee.
PTO Sellback:
34.18 Employees may sell back up to 100 hours PTO two times/year, to a maximum of 200 hours sold/year, provided a minimum of 20 hours is maintained in the employee’s PTO bank at each sell-back period. a. PTO may not be sold at other times.
b. The program is voluntary, and annual sellback decisions are final.
34.19 Payment will be made at 75% of the employee’s base rate of pay.
34.20 In the event the time is not available at the time sellback is to occur, no payment shall be made.
