Guest phs Posted August 24, 1999 Posted August 24, 1999 My employer currently has a PTO program. It has been proposed to allow employees to elect prior to the 1/1/2000 plan year to sell PTO that will accrue during the 2000 plan year to pay for benefits the employee elected for the 2000 plan year. The PTO will be deducted out of each paycheck. There will be no restriction that the amount of PTO sold be equal to or less than the cost of the benefits elected. Have you seen this before? What rate of pay is used for the PTO value? The current one?
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