August 2017 OE – Paid Time Off (PTO) Adjustments (non-THPG)

vacation hat cameraPaid Time Off (PTO) Adjustments

PTO is one of our most costly benefit offerings. We made a few adjustments that still allow us to offer a competitive paid time off program but that will save millions of dollars in costs next year.

PTO Maximum
The maximum number of hours that may be carried over to year to year will be 350. Employees with more than 325 PTO hours will receive a pay-out on their Dec. 15, 2017 paycheck. Affected employees have already been notified of this change so they can make appropriate plans.

PTO Accrual Schedule
We are adding an accrual rate at one year. Also we are adding in an extra year to each accrual band for all accruals that occur after Jan. 1, 2018.

PTO accrual table 2017

*This accrual table is not applicable to physicians, advanced practice providers and clinic practice staff.