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The hours accumulated the previous year are use it or lose it, otherwise everything accumulated in 2016 is rolled over
We roll over up to 240 hours
@K1, It all depends on what state you're in as well. California has great laws when it comes to this, I cap out at 300 hours and can carry over anything up to this amount.
@manager but don't they slow down or stop your accrual once you get into that territory?
Use it or lose it (after a certain annual carryover cap)
Wow, A2, that's a good deal. Ours caps at 100
Use it or lose it, no roll over
I've never had more than 220 in my account at a time, so I'm not exactly sure. I'm sure I'd stop accruing when I hit 300 until I burned through some. The payoff for this comes at YE when I don't have to worry about losing any i didn't use over 100
Good point M1, I forgot some states have different rules. I do think you stop accruing at a certain point, but nice to be able to save that much up to use without having to fit it all in the schedule before YE
You can usually roll over or accrue up to 1 years worth before you start losing any additional accruals. No one pays out what you lose that I am aware of. CA has weird laws, so you don't technically "lose" any, but you stop accruing until you go below the threshold which is basically the same thing.