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GTKY: Holidays, vacation, PTO and sick days.
I realized this afternoon that part of the reason it's quiet around here is likely because it's Presidents Day! I didn't realize, mostly because I don't get it, or any holiday for that matter, off work with pay. Instead I get 30 days per year of PTO that count for holidays, sick days lasting 1-2 days (after that we can tap into a separate bank of "extended illness time" or EIT) and vacation days. We usually take 2 two week long vacations a year and then I sell the rest, though it can roll over from year to year. I think it's been a good policy, though some of my coworkers, especially those with kids, disagree. Do you get Paid Time Off at your job, and if so, what does that look like?
HeartlandHustle | Personal Finance and Betterment Blog
Re: GTKY: Holidays, vacation, PTO and sick days.
We don't get Columbus Day, Presidents Day or MLK Day off, but we do get PTO for all the other federal holidays off. We get one day of Yom Kippur, Rosh Hashanah, and Passover off because all of the partners are Jewish. (As am I). We also get Good Friday off. We get another 160 hours = 20 days of PTO, but you have to be mindful of it, as it is sick days and vacation. We do get short term disability if we have an extended illness or maternity/paternity leave. The coolest thing about my job is the health care. I don't pay a dime for medical, dental, or vision. Neither does my husband or family (when we have one).
Edit: We only have 40 hours that roll over. This is such a high paced office, they encourage time off, just so we can keep our sanity.
@als1982, the last company I worked for had a policy like that. All your time off...including holidays...was lumped into one bucket.
At my current job, we get 10 days of sick time in the first year with two more days added with each year of employment. But it is "use it or lose it" within the calendar year.
Everyone gets three weeks of vacation time. I think we get a fourth week after working here for 10 years. 5 hours are accrued with each pay period, which is nice because you don't have to wait an entire year to get a big chunk all at once. Vacation time is rolled over from year to year. I actually live in one of only about 15 states where companies are required to allow vacation time to either be rolled over or paid out. However, any employee who has more than 160 hours of vacation time as of Sept. 30th, gets paid out for anything over that.
I used to work for a defense contractor and miss those days of having all the Federal holidays off. Now I get 8 holidays...but oddly, three of those are not Federal holidays (Mardi Gras, Good Friday and the Friday after Thanksgiving). We DON'T get Memorial Day off
. It comes as a surprise to me every year, lol. We also didn't get today off.
And now for my President's Day rant. So I called to place my order for insulin pens at my online Canadian pharmacy, where they are almost half of what they cost in the U.S. But that's a big Pharma rant for another day. When I first started ordering from them, they took credit cards...then for a time they didn't...then they took credit cards again. Except when I called today, now there is a $25 fee for paying with a credit card. Argh!! Ok, whatever, I paid with my checking account which I don't keep much money in and didn't have enough in it. Even at "cheaper Canada prices", it's still $280.
SO...at lunch...I had needed errands I was going to get done to cut down on what I needed to do after work. But no. Instead, I spend my lunch hour rushing down to my bank to make a deposit.
Forgetting it was President's Day and the banks are closed. (beating my head against the wall)
I work at a bank, so we are closed for all federal holidays, including President's day. We have PTO hours in one big pot; I currently earn 212 PTO hours/year. These hours are used for holidays, sick days, and vacation days, or whatever we want to use them for. If you subtract the 10 holidays, that leaves approx. 16 days to be used for vacation and/or sick days. I can roll over up to 80 hours at the end of the year, or they can be sold to pay for medical benefits.
We have separate, short term disability we can use after 4 days of PTO. Example--last winter I was sick with a nasty cold and missed a week and a half of work. I only had to use 4 days of PTO and the rest was paid under STD. This also applies if a person has to have surgery, etc.
The bank also pays 3 days' paid bereavement for the loss of a family member.
We earn an additional 24ish hours every 5 years, and also additional time when you become a bank officer (hopefully someday).
I think I get two weeks of sick time. Not sure if its one or two. Honestly I use usually one day a year for a doctors appointment, plus a few hours here and there for personal or family medical appointments. Calling out sick in my job means canceling on patients so it's easier to just go to work sick (common cold type sick).
I was just bumped up from 3 weeks of PTO to 4 weeks since I've been here for 5 years now. (its a combined vacation/sick time). We earn 6.6 hours twice a month and we stop earning if we reach our "max" 160 hours. I never have to worry about "tracking my vacation days" because I always have some- if not I will. Oh and we are also allowed to "borrow" up to 40 hours of PTO time.
We also get 8 flexible holidays. However I am forced to take off on all federal holidays (not allowed to charge the gov't on those days) So since theres 10 federal holidays, 8 of them are holiday and the other 2 we have to use vacation time. I'm also allowed to WAH when needed so I don't need to worry about burning PTO days on that. I used to have a hard time using my hours cus we didn't go on long vacations.
Holidays are the 10 major holidays. When I started, it was 10 vacation days and 10 sick days, but last January they took 5 of the sick days added them to our vacation and call it PTO. So now I have 10 holidays, 15 PTO days, and 5 sick days. Bereavement if it comes up. I also have the ability to work from home, so unless I'm essentially dead, I just login from home instead of taking time off.
We're capped at 160 hours of PTO and it's use or lose and we can borrow I think it's up to 4 days, but if you borrow, you can't use time off again until you're positive, so I just don't go there.
Starting this July, I should be getting an extra week and then 3 years from that, I'd get another week of PTO.
My wife works retail part-time so as of right now she doesn't get any paid time off, but she's trying to get switched to part-time with benefits, so she'd get vacation time based on hours worked. However, being retail, she's expected to be there for pretty much every major holiday except Christmas and I think Easter.
We get all the major Federal holidays. I also get 6 hours of vacation and 4 of sick every pay check. We do not get maternity pay thou, you have to use sick leave or FMLA.
I started out getting 4 hours of vacation a pay, but it increased to 6 after 3 years of working, and once you're here for 15 years (I believe) you get 8 hours of vacation a paycheck.
We get 7 holidays + 1 floater -- I use it for Patriot’s Day / Marathon Monday EVERY year! I think my company is stingy on holidays, I work in a big downtown office building & we seem to be the only ones here on President’s, MLK, Columbus Day etc.. Boo.
I get 25 PTO days a year. My boss is flexible about me working from home, he's in another state & doesn’t care where I am, so long as i'm working. So I don’t have to waste PTO when i'm not sick enough to NOT work, but don't want to infect my co-workers. I tend to hoard my days off & panic when my hours dip below 40.
For those of you interested, I have (below) the states that do not allow "use it or lose it" vacation policies. However, each state might have its own caveats. A common one is a "use it or lose it" policy is allowed, but only if it is a written policy distributed to employees. I know in Louisiana, it is also capped at 400 hours/year. In addition, if an employee is terminated or quits, these states usually require their vacation time be paid out to them. I am horrible at knowing state abbreviations, so I did my best or just didn't try, lol:
Thanks for the reminder! My worksite also allows for up to one week per year for weather issues...more for hurricanes with a city wide evacuation...but they are the Stingiest McStingersons about it.
Two years ago, it was a crazy cold winter and the temperature stayed below freezing for three days straight. The freeway was closed. All bridges into the city were closed. The buses stopped running after 3PM each day. The city and weather stations announced for people stay inside and not leave their homes. But did we get even one hour of time off for any of that? NOPE! Apparently they'd rather have their employees driving into work on roads coated with ice. I know most of you know I'm from NOLA. Needless to say, not a cold weather city. Neither our roads or our vehicles/tires are designed for ice or snow.
Sorry! Had to rant there for a second. I really like this company, but they lost a lot of respect from me during the Ice Time.
TTC since 1/13 DX:PCOS 5/13 (long, anovulatory cycles)

Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
1/14 PCOS / Gluten Free Diet to hopefully regulate my system.
Chemical Pregnancy 03/14
Surprise BFP 6/14, Beta #1: 126 Beta #2: 340 Stick baby, stick! EDD 2/17/15
Riley Elaine born 2/16/15
TTC 2.0 6/15
Chemical Pregnancy 9/15
Chemical Pregnancy 6/16
BFP 9/16 EDD 6/3/17
Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
www.5yearstonever.blogspot.com
TTC since 1/13 DX:PCOS 5/13 (long, anovulatory cycles)

Clomid 50mg 9/13 = BFP! EDD 6/7/14 M/C 5w6d Found 11/4/13
1/14 PCOS / Gluten Free Diet to hopefully regulate my system.
Chemical Pregnancy 03/14
Surprise BFP 6/14, Beta #1: 126 Beta #2: 340 Stick baby, stick! EDD 2/17/15
Riley Elaine born 2/16/15
TTC 2.0 6/15
Chemical Pregnancy 9/15
Chemical Pregnancy 6/16
BFP 9/16 EDD 6/3/17
Beta #1: 145 Beta #2: 376 Beta #3: 2,225 Beta #4: 4,548
www.5yearstonever.blogspot.com
Now if the masses start circling with pitchforks.... :P