I'm preparing to give my letter of resignation to my employer and I have heard from other colleagues that have resigned that the company doesn't cash out accrued PTO at the end of employment. It seems wrong to me.
The answer to your question depends on whether vacation time is rolled into the PTO pool or not. If vacation is separately accounted for and is not part of the PTO pool then you have no right to be cashed out for accrued but unused PTO at the time of your resignation. It is completely forfeited. If vacation time is included in the PTO pool, then the entire PTO pool is treated as vacation pay, and all of it must be paid out on the day you leave the company, or within 72 hours of your notice of resignation, whichever is later.
Good luck to you.
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