For those impacted by RIF / layoff, does Optum pay out PTO?
7 replies (most recent on top)
PTO is granted not earned at Optum. They are slick as owl sh-t on that fact so use it or loose it.
Up to 40 hours only except in states that have legal full pay requirement
Not true. California and one other state (I forgot which) - the PTO you earn is yours to keep with a cap max based on certain factors (how long at company etc)
This means at the end of the year - you keep your PTO. It doesn't drop off. However once you reach absolute max (340hrs?) You cap out. Your additional hours of PTO each paycheck will just evaporate. Get term'd and you get a fat check.
So in other words, don’t count on it if you accumulated more than a week’s worth
I received more than 40 hours of PTO payout, but I was laid off last year. I had my 40 hours rollover from the previous year plus whatever I accrued in all of 2022 so it ended up being a lot.
it is on the severance. PTO - a lump sum layout of your PTO balance as of your employment end date, if any, not to exceed the number of hours in your standard workweek, less withholdings and deduxtions.
No more than 40 hours.