Let’s say I have 10 PTO for the year and I use them all up by March. Then I leave for another company. Will I need to pay them back when leaving? What usually happens?
Pay them all back plus an extra 10 for interest. 🙄
If they are already accrued, you can use them or cash out.
All accrued PTO can be used, all accrued and unused PTO in CA (maybe few other states) need to be paid at the time of resignation/termination. Anything not accrued (PTO) will be adjusted in final pay unless your manager and HR makes an exception.
Most companies don't allow you to use PTO that hasn't accrued. So by March you will only have 3 days accrued and won't be able to use 10. My company allows taking PTO that hasn't been accrued. If that happens PTO balance becomes negative. If you leave with negative PTO you have to pay back the company.
Cash them b*tches out.
You probably have to pay them back of you're even allowed to take them before you've earned them. I suggest the employee handbook instead of Blind.
I get 25 PTO days/year. We don’t accrue. I get all my days on April 1. It’s use it or lose it by the end of March. I could take all of April off and put my notice in-in May without repercussions.
You’ll have to pay them back — if, your company lets you use them in the first place. Usually companies don’t let you take PTO before you’ve accrued it so you can only take ~2 days in Feb. I believe they are taxed differently too. When I left my last company, I was paid out for my PTO at the rate of a bonus vs reg pay.
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No idea about chase but at most companies you earn vacation in hours per pay period so you wouldn’t have 10 to use until you earn them. Any you have earned so far would be yours to use though.