If you are an employee at Ohio State University, you may be wondering if the university pays out vacation time. The answer is yes, but there are some important details to keep in mind.
How Does Vacation Time Work at Ohio State?
Ohio State University provides its employees with paid vacation time as a benefit. The amount of vacation time an employee receives depends on their position and length of service. Full-time employees receive vacation time based on their years of service:
– Less than 5 years: 15 days (120 hours) per year
– 5-10 years: 20 days (160 hours) per year
– More than 10 years: 25 days (200 hours) per year
Part-time employees receive a pro-rated amount of vacation time based on their FTE (full-time equivalent). For example, an employee who works half-time would receive half as much vacation time as a full-time employee.
Can Vacation Time Be Carried Over?
Employees are allowed to carry over a certain amount of unused vacation time from one year to the next:
– Less than 5 years of service: Up to 120 hours (15 days)
– More than 5 years of service: Up to 240 hours (30 days)
Any unused vacation time beyond these limits will be forfeited.
Does Ohio State Pay Out Vacation Time?
When an employee leaves Ohio State University, they may be eligible for a payout of their unused vacation time. However, there are some important restrictions and guidelines that must be followed.
First, only employees who have been employed for at least one year are eligible for a payout. Additionally, only accrued and unused vacation time will be paid out – any unused sick leave or personal leave will not be included in the payout.
The payout amount is based on the employee’s hourly rate at the time they left Ohio State University. For example, if an employee’s hourly rate was $20 and they had 80 hours of unused vacation time, they would receive a payout of $1,600.
It’s important to note that employees who are terminated for cause or who resign without giving proper notice may not be eligible for a payout of their unused vacation time.
Final Thoughts
Vacation time is an important benefit that Ohio State University provides to its employees. While there are restrictions on carrying over and receiving payouts for unused vacation time, employees can still enjoy the benefits of taking paid time off to rest and recharge.
If you have any further questions about vacation time at Ohio State, be sure to speak with your supervisor or HR representative for more information.