Browse leave, vacation, sick pay and severance codes.
PTO is paid time off. Employers may use one combined bank or separate vacation, personal and sick-time banks. A statement can show PTO earned, PTO taken, a remaining balance and the wages paid for time off.
How to read this entry
Use the meaning Paid time off alongside the column heading. An earnings amount, an employee deduction and an employer-cost memo can have different effects even when their labels look similar.
Example on a pay statement
An opening balance of 32 hours plus four accrued hours minus eight used hours leaves 28 hours. The eight paid hours may also appear in earnings and should not be counted twice.
Examples illustrate the checking method. They are not a personal tax calculation or a promise of a particular benefit.
What to check with payroll
Check the units and distinguish the leave balance from the current-period payment.
Compare related entries
Read the leave, vacation, sick pay and severance codes guide to compare the entries in this part of your statement. Use the full pay stub code directory when a second abbreviation is unfamiliar.
Reference and scope
Official guidance on leave, vacation, sick pay and severance codes provides background on the underlying rules. The actual plan, tax year, jurisdiction and payroll record determine how the rules apply.