Levels of Paid Time Off (PTO. Earnings. Eligible employees earn PTO according to the following schedule: Length of Service in Benefit Status Accrual Rate Per Hour Worked Maximum Earnings Per Pay Period* Maximum Accrued Hours Per Year* Maximum PTO Balance Less than 3 years 0.096125 hour 7.69 hours 200 hours 300 hours 3 to less than 5 years 0.10775 hour 8.62 hours 224 hours 336 hours 5 to less than 10 years 0.115375 hour 9.23 hours 240 hours 360 hours 10 to less than 15 years 0.126875 hour 10.15 hours 264 hours 396 hours 15 or more years 0.134625 hour 10.77 hours 280 hours 420 hours *Amounts pro-rated if work less than 1.0 FTE Except as provided by this Article, employees earn PTO each pay period based on actual hours worked in the previous two weeks. PTO will not be earned on any hours exceeding a 1.0 FTE status (i.e., 40 hours per week).
Appears in 4 contracts
Samples: Collective Bargaining Agreement, Letter of Agreement, Collective Bargaining Agreement
