Can’t find the post that discussed this, but was it determined they are paying out PTO at this point if you resign? It’s mental I had to turn here for information, I know.
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Don’t worry I’m sure the execs are also not getting their golden parachutes, I’m sure the benefit cuts have been implemented equitably across the roles.
Just kidding, they hate you
How low can they go it is industry standard to have PTO paid out. Lizards
How sad is it they raided PTO benefits? What a sl--e company
Accrued PTO is only paid to employees in very few states that mandate companies to do so. Not the case for PA, NY, NJ.
If you are required to provide a notice period, just say here is my 30 day notice, I will be using my accrued vacation/floating holidays so my last day will be X and my last working day will be that day less your vacation days. That’s what I did. I needed the time off between jobs to decompress. I even turned in my equipment on my “last working day” and put up an OOO message saying I was leaving BNY and to contact someone else. I was a US based employee so not sure what the rules are for other countries.
BNY changed its policy last year and no longer pays out unused vacation time unless they are required to by the state you are employed in. Check your state laws to see if unused vacation time is protected or not.
nope it is not paid out they changed it after 2024
You definitely do not get paid out for unused accrued vacation time.
PTO is a benefit, although earned, there is no hard fast rule that says it must be. Check the document you signed (you have a copy right?) that should explain it. When you quit, you are telling the company I no longer wish to be employed here, and I am walking out the door. At that point, they are no longer obligated to do anything but pay you for the time you were employed. People also assume severance is required by law. Its not. Its just the company saying sorry here is a few bucks to keep you going.