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How much would you need to be paid not to use your vacation days?

Posted on 4/21/25 at 10:49 am
Posted by TigerintheNO
New Orleans
Member since Jan 2004
42697 posts
Posted on 4/21/25 at 10:49 am
quote:

When the state of California paid prison supervising dentist George Soohoo $1.2 million last year, it wasn't for a job well done. It was for vacation never taken.

Soohoo joined the rare club of state employee millionaires by cashing out thousands of hours of unused time off when he retired, setting a new record for the payouts. He topped a list of nearly 1,000 workers who left state service last year with $100,0000 or more in banked leave benefits, a Los Angeles Times analysis



quote:

Over the past six years, the number of retirees paid at least $250,000 in banked vacation time increased nearly fivefold to 73 employees last year.

The rising liability stems from generous time-off provisions for state employees — including vacation accrual of up to six weeks a year, 11 state holidays, a personal holiday and professional development days


quote:

The data showed state employees had 110 million hours of leave on the books as of December, although 40 million of those were sick leave and educational leave time that can't be cashed out when workers retire or otherwise leave state employment. Those unused hours can, however, be converted to service credit to increase their government pensions.

"There's no parallel to this in the private sector," said Jon Coupal, president of the Howard Jarvis Taxpayers Assn. "Obviously this is a problem."

Last year, the 10 employees with the largest vacation payouts in California took home a combined $5.3 million. For those retirees, the time paid out was the equivalent of taking a year or more of vacation. In the case of California Department of Forestry and Fire Protection Assistant Chief Kirk Barnett, his vacation payout of $578,000 last year was worth three years of his salary



six weeks of vacation time + 12 holidays

Even if you take a week off each year, bank 5 weeks a year for 25 years, is serious money. The one guy with days from 1992, he's not getting his '92 pay for those days, he's getting his 2025 pay rate.
Posted by BabyTac
Austin, TX
Member since Jun 2008
14218 posts
Posted on 4/21/25 at 10:53 am to
During open enrollment every year, our company allows you to sell back PTO for the next year (or buy more) within a limit at a rate equivalent to your salary.

I always sell back the max and roll it into my investment account.
Posted by btnetigers
South Louisiana
Member since Aug 2015
2304 posts
Posted on 4/21/25 at 10:53 am to
$350K
Posted by concrete_tiger
Member since May 2020
7098 posts
Posted on 4/21/25 at 10:54 am to
I had a job where you could buy or sell one week at open enrollment. I sold a week every year, just for the value of the paycheck. Why, you ask?

Because I found out in my first year the week of Christmas was always a cakewalk and we were sent home anyway lol.
Posted by Slingscode
Houston, TX
Member since Sep 2011
2064 posts
Posted on 4/21/25 at 10:54 am to
My company requires employees to take their vacation or lose it.

They insisted on work/ life balance.
Posted by JDPndahizzy
JDP
Member since Nov 2013
6780 posts
Posted on 4/21/25 at 10:54 am to
quote:

paid prison supervising dentist George Soohoo $1.2 million last year, it wasn't for a job well done. It was for vacation never taken.


I'd take a little less than that.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
29380 posts
Posted on 4/21/25 at 10:56 am to
I get 5 weeks PTO plus firm holidays but we can only roll over a certain amount.

When I left my last firm I took a month off, getting what was equivalent to an extra paycheck from PTO payout plus signing bonus made that decision a lot easier, I was never not paid even though I wasn’t working.
Posted by dupergreenie
Member since May 2014
7227 posts
Posted on 4/21/25 at 10:58 am to
Government workers use vacation days for things like doctor visits. If you use sick time you will lose any overtime you worked that pay period.
Posted by dupergreenie
Member since May 2014
7227 posts
Posted on 4/21/25 at 11:01 am to
This is stupid....the employees are getting the paid vacation time regardless of when they take it.
Posted by The Torch
DFW The Dub
Member since Aug 2014
23240 posts
Posted on 4/21/25 at 11:15 am to
I've been wishing they would buy mine back for years.

I get 20 PTO days on top of 11 Holidays.

Usually by December I have to take half the month off just so I don't lose them. I'd take just normal pay for mine
Posted by St Augustine
The Pauper of the Surf
Member since Mar 2006
68624 posts
Posted on 4/21/25 at 11:16 am to
Mine is capped at 240 hours each year. You then lose it. I accrue 9.8 hours per pay period. They want us using it.
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
21516 posts
Posted on 4/21/25 at 11:17 am to
I was allowed to sell vacation time back to a previous employer, and I sold a week every couple of years.

I didn’t make as much back then, and an extra half paycheck was nice to have, especially around the holidays.
This post was edited on 4/21/25 at 11:18 am
Posted by hashtag
Comfy, AF
Member since Aug 2005
29977 posts
Posted on 4/21/25 at 11:18 am to
I'd rather more vacation days than money from unused. So, $0 for me. I'm going to enjoy my vacations much more now in my early 40s than when I'm 65-80.
Posted by Loup
Ferriday
Member since Apr 2019
14115 posts
Posted on 4/21/25 at 11:18 am to
A lot. I don't live to work. I enjoy the frick out of my vacation days and rarely have any that isn't able to roll over to the next year.
Posted by Sus-Scrofa
Member since Feb 2013
9689 posts
Posted on 4/21/25 at 11:19 am to
That’s just mismanagement on Cali’s part. They could avoid these lump sums with some simple policies that most companies follow.

Instead they let this happen and have to deal with the lump-sum payments.
Posted by MyRockstarComplex
The airport
Member since Nov 2009
4313 posts
Posted on 4/21/25 at 11:23 am to
quote:

My company requires employees to take their vacation or lose it. They insisted on work/ life balance.


I’ve worked for companies that do that as well, except there were times you couldn’t call in PTO, then of the select times it was ok they would regulate how many people could take off. So you technically could not take off and you’d just lose your PTO.

They also referred to employees as “family” and would ask you to sacrifice time with your actual family to do things for your (work) “family” including lots of extended hours for no extra pay.
Posted by Farmtiger
West "By God" Monroe
Member since Dec 2003
2931 posts
Posted on 4/21/25 at 11:24 am to
My company does FTO for that very reason. I take what I’m approved to take every year. If I take none, I receive no benefit.
Posted by Volvagia
Fort Worth
Member since Mar 2006
52328 posts
Posted on 4/21/25 at 11:31 am to
Yeah, typically the companies that enforce use it or lose it policies aren’t for a work life balance. It’s to prevent growing liabilities ledger.
Posted by PCRammer
1725 Slough Avenue in Scranton, PA
Member since Jan 2014
1621 posts
Posted on 4/21/25 at 11:31 am to
If I work a day my company is charging a client $253/per hour for my time. I'd take that amount for about half the PTO I accrue in a year. The other half isn't for sale.
Posted by hottub
Member since Dec 2012
3588 posts
Posted on 4/21/25 at 11:33 am to
Currently get between 25-30k per week to sell depending on time of year.
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