Annual Buy Back
The annual PTO sell back plan allows non-bargained for non-exempt employees, including those in their probationary period, to sell unused PTO back to the University. The program is designed to allow eligible employees to have greater flexibility in their time off/ cash compensation configuration. Please refer to the respective bargaining agreements for details regarding bargained for staff members who are eligible for the PTO Program. The sell back plan standards are as follows:
- NON-EXEMPT EMPLOYEES may sell back up to 40 hours of unused PTO days, providing that at least five days (40 hours/prorated by FTE)) remain in their PTO bank at the time of pay out.
PTO will be sold back to participating employees at their base pay rate in effect at the time the payout occurs in their last paycheck in January following the request period in October each year.