{ "media_type": "text", "post_content": "Anyone know how the PTO payout works when you leave Deloitte?", "post_id": "589b8cc2abb0bb0011a6a3e4", "reply_count": 16, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Anyone know how the PTO payout works when you leave Deloitte?

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Take current salary. Divide by 2080. Multiply by hours of PTO. Not sure how / when but that is the amount.

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You can only take the PTo that is allowed in the system. So max is the full past year of PTo plus the full this year of PTo... something like 50 days = 400 hours

I suppose it goes out with your last paycheck

It does come in your last paycheck

Is it taxed any more than regular?

No

Yes, it is likely be taxed more since that would put you in another tax bracket, like your bonus.

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I just cashed mine out. D2 is right. Very generous. Worried about tax implications but looks like they took about 30%+ out

As D4 explained - it is taxed the same as wages and all will reconcile when you file. If you are pushed into a higher bracket, you'll pay more.

Do they withhold 401k allotment as well? I know our bonuses distribute to 401k.. just not sure about PTO payout!

No @ 401k

Deloitte deposit previous years match in May for previous year!! D6 - so do they match if one leaves before May

Nope. No match. Clean break.

Match is so small tho :-). 1.5% lol.

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