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 COMPLETED PTO ACCRUED MAXIMUM ANNUAL ACCRUAL* MAXIMUM PER HOUR* (BASED ON 2080 HOURS ANNUALLY) CARRYOVER 0-1 0.09231 192 hours / 24 days 320 2-3 0.10385 216 hours / 27 days 320 4-8 0.11539 240 hours / 30 days 320 9-13 0.13847 288 hours / 36 days 320 14+ 0.16154 336 hours / 42 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: 0.1615 x 60 = 9.69 accrued hours in a pay period. PTO Cash After completing 12 consecutive months of active employment, bene昀椀t ene昀椀t eligible team members are eligible to cash out up to 80 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). 80 hours › › Required Remaining Balance Election Period** Team members are required to have a During Open Enrollment remaining balance of 80 hours (FT, WPP) or › 40 hours (PT, PTA, WEP) after the cash out Payout Dates 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. ** 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. | 33 |