{"id":8340,"date":"2018-11-06T16:57:31","date_gmt":"2018-11-06T21:57:31","guid":{"rendered":"http:\/\/blogs.cooperhealth.org\/weeklyrounds\/?p=8340"},"modified":"2018-11-06T16:57:31","modified_gmt":"2018-11-06T21:57:31","slug":"pto-sell-back-and-pto-carry-over-for-november-2018","status":"publish","type":"post","link":"https:\/\/blogs.cooperhealth.org\/weeklyrounds\/2018\/11\/pto-sell-back-and-pto-carry-over-for-november-2018\/","title":{"rendered":"PTO Sell Back and PTO Carry Over for November 2018"},"content":{"rendered":"<p><strong>PTO Sell Back<\/strong><\/p>\n<p>Your second opportunity to participate in our PTO Sell Back program is here. Our new PTO Sell Back policy allows eligible employees to sell back earned, but unused, PTO time twice a year, in May and November. The November payout will be based on PTO accrued as of the pay period ending November 24, 2018. <strong>Payment will be made on Friday, December 7, 2018<\/strong>.<\/p>\n<p>To participate, make a request online through Employee Self Service (ESS) between <strong>November 19 and November 30, 2018<\/strong>. You will receive an automatic email confirming your submitted request. You must have a Cooper email address to receive a confirmation.\u00a0 Instructions on how to submit your request are attached.<\/p>\n<p>The following outlines the criteria for eligibility:<\/p>\n<ul>\n<li>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\u2019s normal work shift. Employees must, however, maintain a minimum of seventy-two (72) hours in their PTO bank at the time of the sell back.<\/li>\n<li>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\u2019s PTO bank at the time of the sell back.<\/li>\n<li>Payment for the sell back will be at the employee\u2019s base rate of pay.<\/li>\n<li>The sell back of PTO is voluntary and sell back decisions are final upon receipt by the Payroll Department.<\/li>\n<li>Employees who do not accrue PTO on a bi-weekly basis are not eligible for sell back.<\/li>\n<li>Employees must submit their request online via Employee Self Service\u00a0<strong><u>by 5 p.m. on Friday, November 30, 2018<\/u><\/strong>, to participate.<\/li>\n<li>By December 1, 2018, the Payroll Department will adjust any employee\u2019s PTO buy back request to ensure the required minimum hours listed above are maintained in the employee\u2019s PTO bank.<\/li>\n<\/ul>\n<p><strong>PTO Carry Over<\/strong><\/p>\n<p>The annual PTO carry over will be calculated during the final pay period of the calendar year, which is December 23, 2018, through January 5, 2019, and will be paid on January 11, 2019. PTO taken by an employee during this final pay period of the year will be deducted from their PTO bank before the PTO carry over limit (below) is applied. Any excess PTO time remaining once the employee\u2019s carry over limit is subtracted will be forfeited.<\/p>\n<p>The PTO carry over limit is based on your annual accrual rate, and employees may only carry over one year\u2019s total accrual.\u00a0 Accrual rates are based on an 80 hour pay period.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"369\"><strong>PTO Hours Accrued Per Pay Period<\/strong><\/td>\n<td width=\"369\"><strong>Annual PTO Accrual Rate<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"369\">\u00a0 7.69 Hours<\/td>\n<td width=\"369\">200 Hours<\/td>\n<\/tr>\n<tr>\n<td width=\"369\">\u00a0 9.23 Hours<\/td>\n<td width=\"369\">240 Hours<\/td>\n<\/tr>\n<tr>\n<td width=\"369\">10.77 Hours<\/td>\n<td width=\"369\">280 Hours<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>If you have any questions regarding your carry over limit, contact your manager or Human Resources.<\/p>\n<p><strong>Computer Access and Human Resources Assistance<\/strong><\/p>\n<p>If you do not have access to a computer or need assistance, you may visit the Human Resources office at Sheridan Plaza or the CCBO Monday through Friday, 8 a.m. to 5 p.m., or contact\u00a0<a href=\"mailto:HRBenefits@cooperhealth.edu\">HRBenefits@cooperhealth.edu<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PTO Sell Back Your second opportunity to participate in our PTO Sell Back program is here. Our new PTO Sell Back policy allows eligible employees to sell back earned, but unused, PTO time twice a year, in May and November. The November payout will be based on PTO accrued as of the pay period ending &#8230; <span class=\"more\"><a class=\"more-link\" href=\"https:\/\/blogs.cooperhealth.org\/weeklyrounds\/2018\/11\/pto-sell-back-and-pto-carry-over-for-november-2018\/\">[Read more&#8230;]<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":{"0":"entry","1":"post","2":"publish","3":"author-ddevenney","4":"post-8340","6":"format-standard","7":"category-uncategorized"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PTO Sell Back and PTO Carry Over for November 2018 - Weekly Rounds<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PTO Sell Back and PTO Carry Over for November 2018 - Weekly Rounds\" \/>\n<meta property=\"og:description\" content=\"PTO Sell Back Your second opportunity to participate in our PTO Sell Back program is here. Our new PTO Sell Back policy allows eligible employees to sell back earned, but unused, PTO time twice a year, in May and November. The November payout will be based on PTO accrued as of the pay period ending ... 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