I would say time accrued would have to be paid unless there are special circumstances.
Natter 68: Bork Bork Bork
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
They suck so much.
Is that legal to say vacation time has no monetary value? What a fucked up policy.
That... fails logic. If it's part of their compensation package (like, "we offer n days of vacation a year"? as opposed to "for these random two weeks, you're furloughed with no choice in the matter"?), it has a value, no matter how hard they try to douchemonkey their way out of it.
Is that legal to say vacation time has no monetary value? What a fucked up policy.
This is my question.
An employer may lawfully establish a policy or enter into a contract denying employees payment for accrued vacation leave upon separation from employment, so long as the employer has properly notified its employees in writing of the vacation policy. N.C. Gen. Stat. ยง 95-25.12; NC Dept. of Labor FAQs; NC Admin. Code 13 NCAC 12.0306.
Sorry, smonster.
our vacation policy states that vacation and/or sick time has no monetary value.
This varies state-to-state. In California, it counts as wages, but most states don't assign it value. It's a gift.
Vacation payouts depend on state law, I'm pretty sure. In California you've got to pay it out, but I'm pretty sure that's because the legislature made it so.
No, our vacation policy states that vacation and/or sick time has no monetary value. We do not pay out for time not taken.
It totally depends on the state. Sadly, it looks like this might be legal in NC: [link]
I was looking at NC's labor law FAQ, and it looks like there's not a lot of worker protection (I am not in a position to be judge-y, living in Indiana), so that doesn't surprise me.