Redesigning a paid-time-off (PTO) program to provide employees with the option to buy, sell or donate their PTO may help employers meet the wants and needs of a wide range of workers. Employers should pay attention to the tax implications as well as state laws when designing a program.
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Turning Vacation Days into Cash And Other In-Demand Benefits – By Caroline Nelsen
Reproduced with permission from Benefits Magazine, Volume 56 Number 6, pages 28-33, June 2019, published by the International Foundation of Employee Benefit Plans (www.ifebp.org), Brookfield, Wisconsin. All rights reserved. Statements or opinions expressed in this article are those of the author and do not necessarily represent the views or positions of the International Foundation, its officers, directors or staff. No further transmission or electronic distribution of this material is permitted.