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re: Leaving a job- PTO and extended illness bank payouts
Posted on 5/31/16 at 9:44 pm to GCTigahs
Posted on 5/31/16 at 9:44 pm to GCTigahs
In Louisiana, the Employment Security Law's supplemental policy guidelines state:
Vacation Pay - Payable upon separation
Sick Leave - Not required nor due upon separation
PTO - Not required or due upon separation
This does not mean that some companies do not honor their separating employees by paying Sick or PTO. It just means that as a business owner in the State of Louisiana, there is established policy, precedent and case law that has long ago established that those types of leave are not something you are owed as of your date of separation from your employer.
Vacation Pay - Payable upon separation
Sick Leave - Not required nor due upon separation
PTO - Not required or due upon separation
This does not mean that some companies do not honor their separating employees by paying Sick or PTO. It just means that as a business owner in the State of Louisiana, there is established policy, precedent and case law that has long ago established that those types of leave are not something you are owed as of your date of separation from your employer.
Posted on 6/1/16 at 8:45 am to GFunk
quote:
Vacation Pay - Payable upon separation
Sick Leave - Not required nor due upon separation
PTO - Not required or due upon separation
Most employers only offer PTO now to avoid paying out vacation if there is a separation.
IMHO, if you are laid off or fired, they should offer to pay you out. If you decide to leave...dude, that was your choice. Don't let the door hit you on the arse on the way out.
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