This sounds more complicated than keeping up with the cost basis for stock purchases.
Is it legal??? If the employee takes time off after they have received a pay raise, do you intend to pay their PTO time at the previous pay rate?? We can accumulate up to 320 hours of PTO and carry it over from one year to the next. After we reach the 320, no more is accumulated until you either take PTO time or cash some in. In either case, we are paid at our current rate of pay. We can also transfer PTO to others in need, such as an employee with catastrophic illness. If a housekeeper gives PTO to a nurse, the nurse gets the benefit of PTO time/cash in at her rate of pay. By same token, if a nurse transfers PTO to a unit secretary, the unit secretary's benefit is paid at her rate of pay, not the nurse's higher rate. Phyllis D. Whitener RN Patient Care Information System Catawba Valley Medical Center Hickory, NC ***Note:The information contained in this message (including attachments) may be privileged and confidential and protected from disclosure. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the Sender immediately by replying to the message and deleting it from your computer. Thank you. >>> "Renee Rinehart" <[EMAIL PROTECTED]> 02/22/2007 12:05 PM >>> I don't know if this is unique at our facility or not, but our employees accrue PTO (paid time off) hours throughout the year. An employee can use this PTO as they need it or they can "cash" it in. If they cash it in, it is paid at their current rate of pay. There's where the concern lies....the PTO may have been earned at a lower rate of pay but paid at a higher rate of pay because they can "cash" it in after an annual pay raise. Does anybody have any ideas how these earned hours could be paid at the rate they were when they were accrued? Renee' Rinehart, HCIS Financial Coordinator Guadalupe Regional Medical Center Seguin, Texas 78155 830-401-7214 [EMAIL PROTECTED] =*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*= To subscribe or unsubscribe to the meditech-l, visit MTUsers.COM. To check the status of the meditech-l, visit MTUsers.NET. For help, email [EMAIL PROTECTED] ______________________________________ meditech-l mailing list [email protected] http://mtusers.com/mailman/listinfo/meditech-l =*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*=*= To subscribe or unsubscribe to the meditech-l, visit MTUsers.COM. To check the status of the meditech-l, visit MTUsers.NET. For help, email [EMAIL PROTECTED] ______________________________________ meditech-l mailing list [email protected] http://mtusers.com/mailman/listinfo/meditech-l
