PTO Buyback

If you are a non-exempt employee, you are eligible for PTO buyback after you have worked for Children’s for at least one year. If you are eligible for PTO buyback, you will receive a PTO buyback form from Human Resources in the fall.

How It Works

Children’s will buy back up to 40 hours of your unused PTO. Your final buyback amount may vary based on the following conditions:

• Your PTO available for buyback will be reduced by any unscheduled PTO used one year prior to the buyback calculation period.
• A minimum of 80 hours (40 hours for regular part-time employees) must remain in your PTO bank after the buyback.
• Your buyback must be in eight-hour increments (four-hour increments for regular part-time employees).
• The PTO hours bought back will be paid at 80% of your hourly pay rate at the time of buyback.
• The PTO hours bought back will be paid to you in January, will have applicable 403(b) deductions taken and will be taxed at 25%.