Limits on Accumulating PTO. PTO accumulation shall be limited to four hundred and eighty hours (480): Employees Hired Before 12/20/98: Balances over the limit will be cashed out at a 100% rate during the first (1st) pay period of the payroll year. Accruals over the limit will be cashed out quarterly.
Limits on Accumulating PTO. PTO accumulation shall be limited to 480 hours. Any portion above 480 hours of unused PTO shall be forfeited, unless the reason for not taking such PTO leave is at management's direction , as under emergency conditions. In such event Port of Seattle - Credential Specialists unused PTO shall not be forfeited. Departmental management shall be responsible for encouraging and allowing proper scheduling for employees taking PTO in order to avoid any forfeiture of PTO leave. Balances over the limit will be cashed out at the employee's current hourly rate of pay during the first pay period of the payroll year. Subsequent accruals over the limit will be cashed out quarterly at the employee's current hourly rate of pay. Employees may request that the cash out be postponed by up to two (2) pay periods to accommodate a pre-scheduled PTO. For employees hired on or after 12/20/98, the maximum accumulation is four hundred and eighty (480) hours. Accruals will cease when the limit is reached and will resume only when the balance is below four hundred and eighty (480) hours. Accruals over the limit are not cashed out.
Limits on Accumulating PTO. PTO accumulation shall be limited to 480 hours. Any portion above 480 hours of unused PTO shall be forfeited, unless the reason for not taking such PTO leave is at management's direction, as under emergency conditions. In such event unused PTO shall not be forfeited. Departmental management shall be responsible for encouraging and allowing proper scheduling for employees taking PTO in order to avoid any forfeiture of PTO leave. Maximum accumulation for employees hired before 12/20/98 is 1,100 hours in 2008. This limit will decrease by one hundred (100) hours each successive January until January 2014, when it will decrease from 600 to 480 hours. Balances over the limit will be cashed out at the employee’s current hourly rate of pay during the first pay period of the payroll year. Subsequent accruals over the limit will be cashed out quarterly at the employee’s current hourly rate of pay. Employees may request that the cash- out be postponed by up to two (2) pay periods to accommodate a pre-scheduled PTO. For employees hired on or after 12/20/98, the maximum accumulation is 480 hours. Accruals will cease when the limit is reached and will resume only when the balance is below 480 hours. Accruals over the limit are not cashed out.
