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Old 11-26-10, 12:00 PM   #1
Jerseysbest
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Use vacation time or unpaid time off?

I'm under the impression I can use "unpaid time off" option instead of my vacation time when I gone from work. I'm not exactly hurting for money, so would it be be better to use the unpaid time off, and hoard my vacation time (really just paid time off, PTO) in case I get sick?

I'm thinking it'll reduce my overall income at tax time? And if/when I leave, I'll have a nice going away going bonus?
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Old 11-26-10, 12:09 PM   #2
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I think some clarity beyond an impression would be important.

With some organizations vacation time is either taken or lost, not allowed to accumulate beyond a specific time/duration limit.
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Old 11-26-10, 01:12 PM   #3
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Is there a limit on how much vacation time you can hoard? Where I am, if I exceed a cap at year-end, they just take it back.

Bummer to not have enough sick leave for security. Disability insurance also worth looking into.
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Old 11-26-10, 04:03 PM   #4
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How long do they let you accumulate it? If I don't use my 9 floaters the end of the year (which by the way, I just remembered I haven't) they just pay it out. Same as the five weeks vacation. Sick leave is paid out by the end of four years.
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Old 11-26-10, 04:11 PM   #5
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i agree with the above. i am able to carry vacation over year to year but i have a max on my "vacation bank" that increases with years of service. i use unpaid time off when i can unless i am close to my vacation max. my max is currently 240 hours (5 years of service) and a few weeks ago i was flirting with the upper end of that.
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Old 11-26-10, 06:21 PM   #6
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If you get benefits and time accrual based on hours worked, your employer may stop them during unpaid leaves.
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Old 11-26-10, 06:31 PM   #7
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I would check to see if your employer allows unpaid time off when you still have PTO available. My previous employer would make you deplete the PTO hours before you could take unpaid leave.

I started a new job a few months ago and had vacation time planned that exceeded my pro-rated vacation hours for this year. They let me take unpaid time off but I had to jump through hoops with HR in order to do it, and it had to be cleared by the upper department manager first.
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Old 11-27-10, 07:19 AM   #8
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If you get benefits and time accrual based on hours worked, your employer may stop them during unpaid leaves.
That's another thing that's come up where I work; if unpaid leave brings you below X time (3/4? 60%? can't remember) for a pay period (or several pay periods) then you have to pay for all of health insurance over that time, not just your usual share
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Old 11-27-10, 09:34 AM   #9
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Really? That's crazy!! Our vacation time is allotted for that (counts as time worked) and time off for that OR the floater holidays do not hinder benefits.
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Old 11-27-10, 11:13 AM   #10
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For us paid time off maintains 100% time for purpose of benefits, but unpaid does not
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