- Joined
- Feb 15, 2013
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Hello all,
I’m a new FT pharmacist with CVS. I’m confused with vacation payout and accrued vacation hours.
To note, I never had a full time job before so I’m learning more about my benefits.
I was told I would accrue about 13 hours of vacation later this year. If not used then it’ll be paid out next year. My question is I notice that any hours over 40 is not transferred over and is forfeited. So when they say pay out, does that mean pay out in a bonus check for the 13 hours with my base pay or does that mean the 13 hours I will accrue will transfer over to the 2 week vacation that I’ll accrue next year for 93 vacation hours? Is that how it works where you can keep accumulating vacation hours year after year?
If I do take my paid vacation though this year for the 13 hours, am I being paid out toward my next pay period after I take my vacation?
What’s the difference if I take a partial vacation say 8 hours and have 5 hours that is paid out nextyear?
Last question is, is it better to take the vacation or have it paid out next year?
I know, long post but first FT job so I like to know more about my benefits. Thanks all!
I’m a new FT pharmacist with CVS. I’m confused with vacation payout and accrued vacation hours.
To note, I never had a full time job before so I’m learning more about my benefits.
I was told I would accrue about 13 hours of vacation later this year. If not used then it’ll be paid out next year. My question is I notice that any hours over 40 is not transferred over and is forfeited. So when they say pay out, does that mean pay out in a bonus check for the 13 hours with my base pay or does that mean the 13 hours I will accrue will transfer over to the 2 week vacation that I’ll accrue next year for 93 vacation hours? Is that how it works where you can keep accumulating vacation hours year after year?
If I do take my paid vacation though this year for the 13 hours, am I being paid out toward my next pay period after I take my vacation?
What’s the difference if I take a partial vacation say 8 hours and have 5 hours that is paid out nextyear?
Last question is, is it better to take the vacation or have it paid out next year?
I know, long post but first FT job so I like to know more about my benefits. Thanks all!