- 2 Posts
- 286 Views
Does anyone rollover Vac/PTO Accrual Dollars at year end? We currently Rollover the PTO Accrual balances but not the $, however we aren't sure what the reasoning was behind this. Any input would be appreciated.
Generally, an accrual is an estimate of the liability for a given period. It is reversed in a subsequent period and replaced by a new accrual for the subsequent period.
PTO and other leave is generally paid out at the current employee pay rate at the time it is taken. This may vary from what is accrued (i.e. based on the best information available at the time of accrual).
If an employee's pay rate changes, so will the PTO dollar amount associated with the hours.
Stewart W Graham