PTO Restructuring to Manage Costs

[Guest dleonard]

A client has a PTO plan that includes vacation, holidays, sick leave and personal time. There are no maximums for accumulation and full carryover into future years. They want to restructure to manage costs. One possibility is to set up an integrated disability management program. Are there any suggestions re. how the PTO plan might be restructured? In particular, how to freeze existing accruals? How to set it up going forward?

Thanks...David

[EGB]

Did you find some suggestions/recommendations somewhere? What did you end up doing? I have this same issue to tackle.

[Guest dleonard]

Beth,

After three months of research, we're getting close to making some final decisions. At this point, it looks like our client is going to grandfather the existing PTO plan, create a new one with reduced accruals and develop a managed DI program. Feel free to call to discuss: 864-286-0504.

David Leonard

Avalon Resources, LLC