The PTO Cash Out Policy allows employees to choose to sell unused paid time off back to the company throughout the year so long as eligibility rules are met. This policy is limited to Field Store and NSC hourly employees only.
PTO Cash Out Eligibility and Plan Details
• Only Field Store & NSC hourly employees are eligible for the PTO Cashout plan.
• To be eligible, you must have a minimum balance of 84 hours of PTO banked at the beginning of a pay period OR a minimum balance of 80 hours at the end of a pay period.
o The total banked PTO calculation takes into account any future dated time off that has been approved
• Employees may elect to cash out up to 40 hours of PTO in a calendar year
• Requests are only available in 4 hour increments, with a minimum of 4 hours
• The maximum about of PTO that may be cashed out is 40 hours in a calendar year, for clarity a calendar year is pay periods within the first and last pay day of each calendar year
• Once the Cash Out PTO task is submitted in Workday it cannot be undone. The hours are immediately deducted from your bank of hours and will be paid on pay date of the pay period in which the request is made.