So my job recently came in and confiscated everyone’s PTO/Vacation (sick time was not touched and is still accrued). We accrue PTO/Vacation weekly and depending on your time with the company you have a certain limit. My limit is 100 hours of built up PTO/Vacation and once at that number I can no longer accrue more (obviously). I was at 90 hours when the confiscation happened. What they did was confiscate the hours, and put 100 hours (my limit) back into my “bucket”. I did get 10 MORE hours than I had but they are no longer accruable and must be used from Jan 1st to Dec 31st of that year. The nice thing is that when Jan 1 hits I have 100 hours back in my bucket. PTO unused gets taken at the end of the year. The big kicker is if I were to leave I don’t get paid out for a single hour but before the confiscation and restructuring I would have been paid out my 90 hours (for example).
The thing that makes everyone mad is that they gave us a week’s notice saying they were doing the confiscation. If someone, for example, had just gone on a two week vacation (80 hours worth of PTO) and emptied their accrued PTO/Vacation bucket they were rewarded with a fresh new 100 PTO when the ‘buckets” were refilled with the new PTO. I was, in a sense, penalized for not going on more vacations.
Thing happen with anyone else? I am guessing it’s from a large RIF my company just had and the payout from laying off nearly 300 people nationwide hurt when they realized how much they would need to payout in unused PTO/Vacation. Is this even legal?
The thing that makes everyone mad is that they gave us a week’s notice saying they were doing the confiscation. If someone, for example, had just gone on a two week vacation (80 hours worth of PTO) and emptied their accrued PTO/Vacation bucket they were rewarded with a fresh new 100 PTO when the ‘buckets” were refilled with the new PTO. I was, in a sense, penalized for not going on more vacations.
Thing happen with anyone else? I am guessing it’s from a large RIF my company just had and the payout from laying off nearly 300 people nationwide hurt when they realized how much they would need to payout in unused PTO/Vacation. Is this even legal?