Payment of PTO. 10.9.1 PTO will be paid at the time of use at the nurse’s straight-time hourly wage rate on the nurse’s regularly scheduled shift and classification.
Payment of PTO. PTO will be paid at the time of use at the nurse’s regular wage rate, which includes shift differential the nurse would have received if he or she had worked the shift(s). All accrued but unused PTO will be paid upon termination at the nurse’s straight time rate of pay. A nurse may also elect, on an irrevocable basis during open enrollment of the preceding year, to cash out PTO up to the number of PTO hours the nurse is anticipated to accrue during the calendar year. Such cash out will be paid at any time after the PTO to be cashed out has accrued during the calendar year.
Payment of PTO. 14.1.8.1 Payment for unused accrued PTO time will be made to regular full time/part time/weekend package nurses who have completed the three (3) month eligibility requirement in the following circumstances only: - In the case of a nurse leaving employment at the medical center, provided he/she has given appropriate notice. - In the case of a nurse who has involuntarily separated employment. - In the case of a full or part-time nurse or who transfers to PRN (relief) status. - In the case of a FT nurse who transfers to PT or Weekend Package status, the nurse may elect to retain one-half (1/2) of their accumulated PTO hours, up to 80 hours. The remaining PTO hours will be paid. - Upon the death of a nurse, accrued PTO will be paid to the estate of the deceased person.
Payment of PTO. PTO accrual begins on the first full pay period following date of employment. PTO hours accrue each pay period based on compensated hours. The amount of PTO accrued (balance) and the amount of PTO used in the previous pay period will appear on -weekly paycheck stubs. Employees do not accrue PTO while on suspension, PTO, holiday, bereavement leave, jury duty or a paid or unpaid leave of absence (including, but not limited to, FMLA), or during Short- Term Disability, Long- Length of service determines the rate at which employees will accrue PTO. An employee becomes eligible for the new higher accrual rate on the first day of the pay period following the t rate of pay. Pre-scheduled PTO is compensation. PTO Cap [Accrual + Carry-Over] Limits are imposed on the amount of PTO that can be maintained as a balance. Employees are not allowed to accrue PTO beyond the defined maximum accrual cap. This encourages employees to use their PTO and allows the Employer to manage its financial obligations responsibly. Once an employee reaches his/her cap, he/she will not accumulate any more PTO until he/she uses some of the time in the account and drops below the cap. After the balance falls below the cap, an employee will once again begin accruing PTO; however, an employee will not receive retroactive credit for time worked while at the cap limit. Employees who have already accrued their annual maximum accrual will no longer accrue PTO until following calendar year. Employees may carry over unused PTO balances to the next calendar year, up to a maximum carry-over of 80 hours. ACCRUAL SCHEDULE* - EMPLOYEE CLASSIFICATION: FULL-TIME 80 HOURS PER PAY PERIOD Years of Service Accrual Rate Per Work Hour Maximum Annual PTO Accrual Maximum Carry-Over PTO Cap [Accrual + Carry- Over] 0-2 .07298 (13 Days) 104 Hours 80 Hours 168 Hours 3-8 .10105 (18 Days) 144 Hours 80 Hours 9-19 .12912 (23 Days) 184 Hours 80 Hours 20+ .15719 (28 Days) 224 Hours 80 Hours *The maximum available PTO accrual includes the three additional holidays previously included in the Holiday article of this Agreement. **Annual PTO is reached over a period of nineteen (19) bi-weekly pay periods Scheduling and Use of PTO Employees carrying PTO balances may not opt to take excused absences without pay in lieu of PTO or for purposes of saving accrued PTO. With the exception of pre-planned PTO scheduled prior to January 1 for that year, employees with insufficient PTO balances to cover requested periods of time off may be g...
