| Current Balances & Rate |
|
| 2019 PTO starting balance |
286.38 |
| Max PTO Balance |
360 |
| My Accrual Rate |
.1154 |
| 40 hrs x 52 wks = |
2080 paid hours / year |
| 2080 hrs x Accrual Rate (.1154) = |
240.04 accrued hours / year |
| 240.04 x 150% = |
360 Max PTO hours |
PTO bucket accruals are calculated every Sunday and are based on the qty of hours worked the previous
week Monday-Sunday. Accruals will stop if / when PTO bucket exceeds Max hours (360).
Based on 40-hr work weeks and my accrual rate of .1154, I will accrue 18.47 hours
for each month with FOUR Sundays, and 23.08 hours for each month with FIVE Sundays.
18.47 hours will accrue in Jan, Feb, Apr, May, Jul, Aug, Oct & Nov 2019
18.47 x 8 = 147.76
23.08 hours will accrue in Mar, Jun, Sep & Dec 2019
23.08 x 4 = 92.32
147.76 + 92.32 = 240.08 hours will accrue in 2019.
SCENARIO USING 40 PTO HOURS [1 WEEK] PER MONTH IN 2019:
| 2019 Starting PTO balance: 286.38 |
|
| MONTH |
+ ACCRUAL |
- USE |
EOM BALANCE |
| Jan 2019 |
18.47 |
40.00 |
264.85 |
| Feb 2019 |
18.47 |
40.00 |
243.32 |
| Mar 2019 |
23.08 |
40.00 |
226.40 |
| Apr 2019 |
18.47 |
40.00 |
204.87 |
| May 2019 |
18.47 |
40.00 |
183.34 |
| Jun 2019 |
23.08 |
40.00 |
166.42 |
| Jul 2019 |
18.47 |
40.00 |
144.89 |
| Aug 2019 |
18.47 |
40.00 |
123.36 |
| Sep 2019 |
23.08 |
40.00 |
106.44 |
| Oct 2019 |
18.47 |
40.00 |
84.91 |
| Nov 2019 |
18.47 |
40.00 |
63.38 |
| Dec 2019 |
23.08 |
40.00 |
46.46 |
SCENARIO USING 22 PTO HOURS [2.75 DAYS] PER MONTH IN 2020:
| 2020 Starting PTO balance: 46.46 |
|
| MONTH |
+ ACCRUAL |
- USE |
EOM BALANCE |
| Jan 2020 |
18.47 |
22.00 |
42.93 |
| Feb 2020 |
18.47 |
22.00 |
39.40 |
| Mar 2020 |
23.08 |
23.00 |
39.48 |
Any PTO bucket hours exceeding 40 as of 03/31/2020 will be lost.