PTO Leave Sell Back Program Nov. 1 - 20

UNC Medical Center offers Paid Time Off (PTO) sell-back election periods quarterly to employees.

To be eligible for the sell-back options, employees must have at least 148 hours of PTO available. Employees are eligible to automatically receive a sell back based on their election of 25, 50, 75 or 100 percent of all hours over 140 with a minimum of eight hours required for distribution.

An employee electing to sell back hours during the sell-back period will receive 90 percent of the base rate cash value of requested PTO sell-back hours at the time of distribution. A 10 percent forfeiture of cash value is necessary to make this plan compatible with IRS regulations regarding taxability.

In addition to the PTO sell-back period, employees on the Traditional Program will have the opportunity to convert to the PTO plan during the Nov. 1 - 20 period. Click here to view a side by side comparison of the two leave plans.

Please note the following information about the PTO sell-back periods:

  • An online Sell Back Election form must be submitted during the election month in order to receive a PTO sell-back distribution. Employees will receive an email and online confirmation that their election was received for processing. The submission of the Sell Back Election form does not limit the use of the PTO during any period. If no election form is submitted, then the employee is assumed to have not elected to use PTO sell-back for that election period.
  • If you elected to use PTO for the State Combined Campaign (SECC) then those hours will be deducted first and any remaining eligible hours would then be eligible for sell-back based on your election.
  • Employees on the Traditional Leave Program will have an opportunity to request conversion to PTO Leave. These employees may also request a sell-back following the PTO conversion. To start the program in this election period, employees on Traditional Leave will have the opportunity to convert to the PTO plan during this period and also elect a sell back of PTO using the online Sell Back Election form.
  • Click here to read more about the PTO Sell Back Program.
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