Attention Cooper at Cape team members: Please note that your PTO cash-out options have not changed and are still based on your anniversary date and are available at the times of year previously established by Cape. For more information, please contact your HR Benefits team.
Cooper is pleased to announce that the Spring 2025 paid time off (PTO) sell-back opportunity is here. The payout will be based on PTO accrued as of the pay period ending May 31, 2025. Payment will be made on Friday, June 13, 2025.
Requests must be completed through the iCooper Team Member Space by June 9, 2025. You will receive an automatic confirmation email once you submit your request. Please review the instructions on how to submit your sellback here.
The following outlines the criteria for eligibility:
- Full-time team members may sell back from eight to 40 hours of PTO time in 8-, 10-, or 12-hour increments, depending upon the length of the team member’s normal work shift. However, a minimum of 72 hours must be maintained in the team member’s PTO bank at the time of the sellback.
- Part-time team members may sell-back from eight to 24 hours of PTO in 8-, 10-, or 12-hour increments provided a minimum of 36 hours is maintained in the team member’s PTO bank at the time of the sell-back.
- Payment for the sell-back will be at the team member’s base rate of pay.
- The sell-back of PTO is voluntary and sell-back decisions are final upon receipt by the HR Department.
- Team members who do not accrue PTO on a bi-weekly basis are not eligible for sell-back.
- It is the team member’s responsibility to submit their request via Team Member Space no later than 5 p.m. on Monday, June 9, 2025.
- Requests with eligible hours that fall below the required minimum will be updated on June 10.
For questions regarding the PTO sell-back process, please contact HRCompensation@cooperhealth.edu.