Paid Time Off

disneychrista

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Dec 26, 2002
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Do you use al your paid time off as soon as you accrue it or do you bank it for a rainy day? Or maybe you are somewhere in between you don't use it as soon as you accrue it but you have plans to use most or all of it throughout the year.


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Me, I have 3 banks of leave. Sick, Vacation and Personal. I use all my personal leave each year because it does not carry forward. Sick leave can accrue unlimited and probably use 1/3-1/2 of it each year. vacation I probably use 1/3 of my time but also cash out 1/4 of it every year, which helps pay for the vacation I use it for.
 
I like having a buffer of time off. The worst part of starting a new job is not having any time off in your bank and it takes so long to accrue a week. Now I am between the 2-3 year mark and have around 3 weeks vacation and maybe 4-5 weeks sick leave available. I think I only used 1 sick day this year. I use 2-3 weeks vacation each year and my 4 personal days.
 
We can carry over up to 45 days of vacation time at the end of our fiscal year (June 30). Since COVID times, I’ve pretty much done that. We can only cash out 30 days at retirement, so my goal in the next few years is to work that balance down so that it’s closer to that 30 when I retire.

We also get separate sick time, which I’ve lost track of how many days I have. It carries over every year. I can cash out 45 of those as well. And we get 4 personal days, which are use it or lose it.
 
I just observed too many co-workers in my career who had unexpected things come up after they had used up all their sick time and vacation time so I always had some time on the books. No big deal my first 8 working years, but then had kids so needed some time off for them. When they hit adulthood, I needed some time off for an elderly parent.
I'm in California and the law here is you can NEVER lose vacation or PTO time. Your employer had to either let you carry it over, take it off or pay you for it. Never had an employer willing to buy back vacation. You could have up to 1.5 times your annual accrual on the books, so six weeks. On paper the policy was they could assign you time off if you had too much time on the books, but never saw that actually happen. Sick time, was use it or lose it.
A couple of years before I retired they switched to a PTO system. Your vacation AND sick hours now went into one PTO pool. They spent a lot of time and money on lawyers trying to get around it, but that now meant you could not loose sick hours under California law because it was now just PTO. Only restriction we had after PTO went into effect was comp time for working a holiday HAD to be used in the year it was earned. In TV, EVERY holiday was a normal work day, so those days I used first.
Retired now, so not an issue, no paid time off anymore.
I know one thing my wife does NOT miss was the griping from some co-workers about the system used to determine who got priority for holiday time off. She was in a Union position and the company and the union agreed on a system where everyone would get to pick one holiday based on seniority. After everyone picked their first holiday, they would go through everyone for a second, then a third, until all 10 holidays had been covered. She was the most senior person for over 30 years and the ONLY holiday she ever took off was Christmas. Because of how departments were set up, she effectively prevented everyone, including her immediate and next level supervisor from getting Christmas off. Now, mind you, she worked ALL the other holidays. That was the only benefit given to employees for longevity with the company. Company and the Union saw no reason to change the system, because the people complaining loudest and most frequently about not getting Christmas off, all managed to get multiple other holidays off. My wife did offer her last year to take Thanksgiving off instead of Christmas, but the people who would have benefited from that wanted BOTH Thanksgiving and Christmas off, and if THEY took Christmas off, they would have had to work Thanksgiving.
 

We used to have separate banks but around 13 years ago they switched to just one bank, ETO. I always liked having lots of sick time saved just in case but with our current system, if we have some prolonged illness, the first week uses our ETO then it switches to the short term disability plan that we chose.
In September we took a 2 week vacation for our 30th anniversary and I used a week in August to take care of my dad so that my niece (his caregiver) could have a week off. It was rough saving up all that time. I came back to work for 2 days and was out sick for 2 months. So that first week that should have used my ETO was unpaid. Oh well.
 
In Australia - on average we get 4wks paid holiday leave and 10 days personal leave per year for permanent employees. Our holiday leave is actually your normal pay PLUS leave loading of 17.5% extra (yep employers pay you extra to take holidays LOL). My current employer will give you an EXTRA week’s leave if you take your 4wks in the banking financial year as a bonus (because holidays are classified as a liability to the books so they want you to use them each year, rather then save them).

Your leave always accumulates in Australia if you don’t use it up each year. If you are a casual employee then you don’t get any paid leave, however your income per week is normally a minimum of 25% higher to allow for that.

Most permanent employees also accrue long service leave (able to be take after 10yrs service but accrues after 7yrs) plus we have paid parental leave in most cases too.
 
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Sick leave is all banked for incase I ever need it or for a payout upon leaving. As for vacation, it's given annually at your date of hire anniversary. Could carry over a week of vacation. I currently have 5 weeks plus 2 days. Usually I am out of vacation about 2 weeks before I get my next allotment. Then that allotment sits for a couple months before we travel again.

Without children who have unexpected things come up, I don't need to save days just incase. My company is great about flexing time during the week and If I need to attend a dr appointment with my parents, I will just flex my time for the week.
 
We used to have separate banks but around 13 years ago they switched to just one bank, ETO. I always liked having lots of sick time saved just in case but with our current system, if we have some prolonged illness, the first week uses our ETO then it switches to the short term disability plan that we chose.
In September we took a 2 week vacation for our 30th anniversary and I used a week in August to take care of my dad so that my niece (his caregiver) could have a week off. It was rough saving up all that time. I came back to work for 2 days and was out sick for 2 months. So that first week that should have used my ETO was unpaid. Oh well.

What does ETO stand for? I have never heard that before
 
Sick leave is all banked for incase I ever need it or for a payout upon leaving. As for vacation, it's given annually at your date of hire anniversary. Could carry over a week of vacation. I currently have 5 weeks plus 2 days. Usually I am out of vacation about 2 weeks before I get my next allotment. Then that allotment sits for a couple months before we travel again.

Without children who have unexpected things come up, I don't need to save days just incase. My company is great about flexing time during the week and If I need to attend a dr appointment with my parents, I will just flex my time for the week.
Dh's employer offered to let people cash out sick time at retirement. So after 23 years of saving his sick hours (800+ hours in his bank) they decided they won't be doing that anymore. So now he's just burning up time calling out as much as he can. He is already past full retirement age but doesn't have any active hobbies and he's afraid he'll end up sitting too much, watching too much tv, etc.
So he keeps working and burning up sick time. He's down to around 400 hours. Maybe less. He donated a week to a sick coworker with cancer.
 
In the past, I've always saved some for when we go to Disney at Christmas. However, we're not going on a vacation of any kind. So I'm not sure how I'll use my days off this upcoming year. I might just take one every other month or so then take a week around the holidays. Not really sure, honestly. DW only gets 2 weeks (I get 3). She's going to use 4 of her days to go with me on my work trip to Chicago. That'll have to suffice for our "vacation" this year, even though I'll be working.
 
I get one week of paid vacation time and I normally have one year banked every year when entering the new year. That won’t be the case this time next year, because I’m considering getting my knee replaced in 2026 and I’ll use all my vacation time towards that.
 
We don’t have a bank -use it or lose it. I usually will use all my vacation time, but leave a few days of personal time on the table at the end of the year. No one technically keeps track of any of it so I could use whatever I need within reason -so, it feels a little like unlimited
 
I get 5 weeks a year of vacation time which accrues daily based on original employment date. New hires get 3 weeks and everyone gets 7 paid sick days per year. Unused vacation carries over, sick time does not. I travel at least once, usually twice a year (a week'ish at a time) and take a couple of weeks cumulatively through the year; a few days at a time. I don't regularly monitor my bank but it usually hovers around having about 100 hours of vacation time, which would be paid out if I left. I take sick days when I'm sick; any more than 3 consecutive and a doctor's note is needed. For longer convalescence (like after an injury or planned surgery) we need to apply for short-term disability through insurance benefits but that only kicks in after 2 weeks off work. Most people use up their available sick time and vacation to avoid taking those first 10 days unpaid.
 
Same question as above. Do you think you would use the same amount if you were limited to 5 weeks per year or would you use less time, so you had some banked?
Despite it being labeled unlimited, I know there are really limits.

5 weeks is the max given to people before the transition to unlimited so I stick to that number.

Using the before rules, I would only qualify for 3 weeks so I am taking more.
 


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