The May 2019 PTO Sell Back opportunity is here. Per Cooper’s enhanced PTO Sell Back policy, eligible employees can sell back earned but unused PTO time twice a year, in May and November. The May payout will be based on PTO accrued as of the pay period ending May 25, 2019. Payment will be made on Friday, June 7, 2019.
Requests must be completed through Employee Self Service (ESS). Employees must submit their requested pay-back hours between May 20 and May 31, 2019, through ESS. You will receive an automatic confirmation email once you submit your request. You must have a Cooper email address to receive a confirmation.
Click here for instructions on how to submit your sell back request.
The following outlines the criteria for eligibility:
- Full-time employees may sell back from eight (8) to forty (40) hours of PTO time in eight (8), ten (10), or twelve (12) hour increments, depending upon the length of the employee’s normal work shift. However, a minimum of seventy-two (72) hours must be maintained in the employee’s PTO bank at the time of the sell back.
- Part-time employees may sell back from eight (8) to twenty-four (24) hours of PTO in eight (8), ten (10), or twelve (12) hour increments provided a minimum of thirty-six (36) hours is maintained in the employee’s PTO bank at the time of the sell back.
- Payment for the sell back will be at the employee’s base rate of pay.
- The sell back of PTO is voluntary and sell-back decisions are final upon receipt by the Payroll Department.
- Employees who do not accrue PTO on a bi-weekly basis are not eligible for sell back.
- It is the employee’s responsibility to submit their request via Employee Self Service by 5 p.m. on Friday, May 31, 2019.
Payroll will adjust any PTO buy-back requests on June 1, 2019, where the eligible PTO balance will now fall below the required minimum hours.