Paid Time Off (PTO) The chart below will help provide you with details on our system-wide PTO plan. The purpose of PTO is to give team members 昀氀exibility in scheduling time away from work. PTO combines vacation, individual or family related sick days, holidays, and personal days you might need during the year. The PTO plan includes time off required under all state and local paid leave laws to include sick and safe leave. UnityPoint Recognized Holidays: New Year’s Day, Memorial Day, Fourth of July, Labor Day, Thanksgiving Day, Christmas Day. UnityPoint Health PTO Accrual Chart YEARS OF SERVICE PTO ACCRUED MAXIMUM ANNUAL ACCRUAL* MAXIMUM COMPLETED PER HOUR* (BASED ON 2080 HOURS ANNUALLY) CARRYOVER 0-4 0.0923 192 hours / 24 days 320 5-9 0.1115 232 hours / 29 days 320 10-14 0.1231 256 hours / 32 days 320 15-19 0.1346 280 hours / 35 days 320 20+ 0.1385 288 hours / 36 days 320 * To calculate your PTO accrual per pay period, multiply the “PTO Accrued per Hour” number above by the number of hours you are paid per pay period (not to exceed 80 hours per pay period or 2080 hours annually). For example, if you are a team member who has 16 years of service and are a .75 FTE or work 60 hours per pay period, your calculation to project your PTO accrual in the future would be as follows: .1346 x 60 = 8.07 accrued hours in a pay period. PTO Cash Bene昀椀t eligible team members are eligible to cash out up to 40 hours of PTO, in 5-hour increments, annually. Please review the information below for further details and contact AskHR if you have questions. › › Component Eligibility* PTO Cash Guidelines Active, bene昀椀t eligible team members who › are budgeted to work 32 hours or more per Maximum Hours to Declare pay period (0.4 FTE or more). Executives and 40 hours Physicians are not eligible for PTO Cash. › Election Period** › Required Remaining Balance*** During Open Enrollment There is no requirement to have any › remaining balance in your PTO account after Payout Dates the cash out occurs. Announced during the annual open enrollment period * In order to receive a PTO Cash election, you must be an active, bene昀椀t eligible team member at the time of the payout. Executives and Physicians are not eligible for PTO Cash. ** PTO cash elections can only be made within the election period. You will not be able to make changes, including cancellation, to your PTO cash election(s) outside of the election period. *** While there is no required remaining balance, if you elect to cash out more hours than you have in your bank at the time of the payout dates, you will not receive the full elected cash-out amount. Instead, your payout will be reduced to the number hours in your bank at the time of the payout. | 36 |