What is the PAL Cash-In Opportunity?
The PAL Cash-In Opportunity is offered to benefit-eligible hourly team members who would like to cash in a certain amount of accrued Paid Annual Leave (PAL).
When will the PAL Cash-In Opportunity Be Offered?
We have decided to offer the PAL Cash-In Opportunity periodically. We will offer the Cash-In Opportunity Pay Out in November 2018. The program will be evaluated for continuation after November 2018.
Who is eligible for the PAL Cash-In Opportunity?
Benefit-Eligible hourly team members are eligible to participate in the Cash-In Opportunity.
What are the PAL Cash-In Opportunity Rules and Procedures?
- Benefit-eligible hourly team members may cash in up to 40 hours of accrued PAL during the opportunity period.
- As the result of the cash-in, a team member’s accrued PAL will not be permitted to drop below 80 hours.
- Team members must follow the announced procedures during the cash-in period; no off-cycle cash-ins will be permitted.
- Cash-ins are calculated according to the team member’s regular base hourly rate and do not include any differentials of other amounts.
- All cash-ins will be subject to normal deductions and taxes.
Cash-In Opportunity Time Line: (Dates will coincide with published payroll cycle.)
Cash-In Opportunity | |
Cash-In Opportunity Announced (E-mail) | October 15, 2018 |
Cash-In Opportunity Announced (Compass) | October 19, 2018 |
Cash-In Opportunity Requests Submitted | October 15, 2018 – November 2, 2018 |
Cash-In Opportunity Closed | November 2, 2018 |
Cash-In Appears in Paycheck | November 16, 2018 |
Further Questions?
Talk with your HR Business Partner or with your supervisor.