During each year’s Annual Enrollment, you can purchase additional vacation time for the following year. Each vacation day costs the equivalent of one day’s pay, which you pay for with pre-tax dollars via payroll deduction throughout the year.
NOTE: The Vacation Purchase benefit is available only during Annual Enrollment in the fall. After that, you cannot elect, change or cancel purchased vacation for any reason.
YOU MUST OBTAIN YOUR MANAGER’S APPROVAL BEFORE PURCHASING ADDITIONAL VACATION DAYS!
NOTE: The Vacation Purchase benefit is available only during Annual Enrollment in the fall. After that, you cannot elect, change or cancel purchased vacation for any reason.
YOU MUST OBTAIN YOUR MANAGER’S APPROVAL BEFORE PURCHASING ADDITIONAL VACATION DAYS!
If you are a new hire/rehire, you are not eligible to enroll in the Vacation Purchase benefit during your initial new hire enrollment period.
If you wish to purchase additional vacation days to be used during your FIRST FULL CALENDAR YEAR with the Company, you may do so during the next Annual Enrollment period in the fall. Your purchased vacation will be available beginning the following January 1.
Here’s more information about the vacation purchase program.
If you wish to purchase additional vacation days to be used during your FIRST FULL CALENDAR YEAR with the Company, you may do so during the next Annual Enrollment period in the fall. Your purchased vacation will be available beginning the following January 1.
Here’s more information about the vacation purchase program.
Vacation time doesn’t carry over from year to year. You must use ALL of your vacation time — including any extra days you purchase — by the end of each year. If you’re unable to use some or all of your purchased vacation days before the end of the year in which you’re required to use them, you won’t be reimbursed for any unused days.
NOTE: The IRS requires that any purchased vacation must be taken AFTER all
Let’s look at an example. After clearing it with your manager, during Annual Enrollment you elect to purchase two additional vacation days to use next year. But 2016 slips away faster than you could have imagined, and you realize too late that you have two regular vacation days — AND your two purchased vacation days — left at the end of December. Unfortunately, you’ll forfeit all four of your remaining 2016 vacation days without reimbursement.
Be sure to keep track of your vacation balance throughout the year!
NOTE: The IRS requires that any purchased vacation must be taken AFTER all
regular vacation days
are earned and used.
“Regular vacation days” are defined as the maximum number of days for which you are eligible based on your length of service, and assuming you work the entire year.
Let’s look at an example. After clearing it with your manager, during Annual Enrollment you elect to purchase two additional vacation days to use next year. But 2016 slips away faster than you could have imagined, and you realize too late that you have two regular vacation days — AND your two purchased vacation days — left at the end of December. Unfortunately, you’ll forfeit all four of your remaining 2016 vacation days without reimbursement.
Be sure to keep track of your vacation balance throughout the year!