Originally Posted by
DontCallMeCindy
Given the fact that (hundreds) of Captains ranging all the way up to 8-9 years on property will be involuntarily displaced to FO on this next bid (for possibly years/decades), how many of you intend on dumping your bank of PTO at CA rates, prior to your payrate snapping back to FO pay?
I know several CAs who are maxed out on PTO at 500ish hours, who plan on liquidating ALL of it approaching their displacements to various FO seats, which I personally find a bit extreme. But out of pure intellectual curiousity, I figured I'd start a poll and see how (the internet) would act in this situation.
Assume you have a PTO bank which you can sell now at your current payrate: approaching the date at which the value of your PTO declines by 10-20%, how much of it would you sell at the higher payrate?
If people are really contemplating this, they don’t understand how the PTO sellback works….
First, you don’t earn the 401K direct contribution on any sellback earnings, leaving 17% on the table right off the bat. I guarantee the market won’t make up the difference.
Second, you can’t just sell back your entire bank. I believe you can sellback down to 100 hours, and then in December sell down to 25% of your bank? That last one I would have to look up.
And for the guys saying that PTO is worth nothing in your bank: wait until you go out on medical for whatever reason and you want to supplement your STD/LTD. This is coming from a guy who keeps his bank near zero.
You do you, but I wouldn’t make any rash PTO sellback decisions based on this bid. The accrual rate is abysmal, and the only guys that I think should sellback are use/lose guys, or guys who are at a max bank and need to sell PTO every month just to not lose it.