re: Leaving a job- PTO and extended illness bank payouts

If it is accrued, you are paid out. If you get a lump sum on some random date, you arent paid out. That simple. It can be called PTO, Vacation, Oompa Lumpa days, etc etc. Accrued vs given are the important things

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Last month, an intermediate appeals court in Louisiana held that accrued and unused paid days off constituted earned wages for which compensation was due to a former employee upon separation under the Louisiana Wage Payment Act

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Whether termed vacation, sick, holiday or other form of “paid time off” (often shorthanded as “PTO”), all employers must analyze their PTO policies under state law to prevent unintended consequences thereof. Further, employer may wish to consider aggressive strategies to avoid payout obligations.

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