Important things to know about Paid Time Off (PTO)
It’s a good idea to keep an eye on your PTO balance throughout the year so that you don’t lose any hours.
Once you reach your PTO maximum (350 hours), you will not accrue any additional PTO hours. It’s important to watch your PTO balance so that you don’t lose your accrual, and to work with your manager to schedule time off as needed.
Not sure how to check your balance?
- Login to MyTHR.org.
- Select the Benefits tile
- Click My PTO Balance
PTO cannot be sold on the last paycheck of the year. The deadline to submit a request to sell PTO online through MyTHR.org is December 7th. After December 7th, the PTO Sell link will not be available again until January 1, 2019 (if eligible).
Here are some other things to know about selling PTO:
- You may sell PTO two times a year, up to an annual total of 80 hours
- You must maintain at least 80 hours of PTO after the sale.
- You may sell a maximum of 80 hours per year.
- Due to IRS regulations, the combined amount of PTO you convert, sell, and donate must be less than 100 hours per year.
- When you sell PTO, you will receive 80% of the value of your sold PTO hours as a cash payment and will be subject to applicable payroll taxes and 401(k) deductions (if you are enrolled in the 401(k) Plan).