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Post Info TOPIC: Accrued Vacation Days


Newbie

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Accrued Vacation Days
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Does anyone know what accrued vacation days means and how they are paid or used?



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They are just prescheduled days that you're going to take where they still pay you (mostly for payroll as they have to put it in a week or so in advance). There should be a board in the break room for scheduling that time, you'll also want to talk to whoever makes your schedules so that they can set you up with that time. If you don't take your time off then it generally gets paid out to you at the beginning of the year along with any paid leave you are entitled to.

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Anonymous

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Anonymouss wrote:

Does anyone know what accrued vacation days means and how they are paid or used?


 Ah. Common question, yet the answers can vary depending on who provides them.

Luckily I was swinging by and saw this!

As I said, common question...but the correct answer is a bit complicated. Ready?

Accrued days off can roll over quarterly, yearly, bi yearly, or in a lump sum once per decade. There's huge taxes applied to that model tho so I don't recommend it. Bi yearly has no taxes but you lose a sliding scale pre tax % for every hr past your 30th, so there's that, too. Quarterly is prolly your best bet even tho you'll have to make up for whatever of those days you take as vacation/off days. Should prolly just uses sick hrs for those.

Hope this helps!

Gary



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