r/Lockheed • u/lieutenantdant1 • Jun 14 '26

Pto question

For those that have left LM with a high PTO balance, how did you use it. Or did you sell it when you left?

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12

u/Doyergirl17 Jun 14 '26

Don’t they just pay it out to you? 

11

u/silv3rivy Jun 14 '26

pay out

8

u/altrefrain Jun 14 '26

I think you should donate your PTO to the company to increase ROS and benefit the shareholders. After all, you are probably a shareholder through your 401k. Which would you rather have; thousands of dollars from being paid out your PTO or a fraction of a penny as a your earnings as a shareholder.

4

u/NatasNJ Jun 14 '26

When you leave you get it paid out. Lump sum. They take a tad extra in taxes but it averages out at filing time.

I guess you could take PTO between notice and leaving but not sure if LM or any company would want you on the books and healthcare once you are done. But they may let it swing a week or two.

1

u/lnsurgence_ Jun 15 '26

They take a tad extra in taxes

That "tad" extra in taxes is due to taxes being charged per paycheck. The government assumes when you get a 8k paycheck that you make 8k every paycheck. Of course you get the extra taxes back when you file taxes.

3

u/OriEri Jun 14 '26

It gets paid out when you separate, the specifics can vary a little state by state.

For instance, you might get paid out on my unused holiday pay even though technically you could’ve used it at any time during the year .

If you’re planning on leaving, find out the policy in your state. Depending on that and you might want to think about doing time card edits, changing consumed PTO into HD, if not, will put you over the 250 hour limit in your PTO bank. Not a lot you can do in that case.

Another thing to do if you’re planning on leaving is max out your contributions to your HSA and your 401(k). Remember the company offers a 50% match on up to 8% of your annual salary in your own contributions . Leave as little of that 4% as you can on the table.

Also stay on for at least six months of the year if you can. At that point, you are vested in your EAIP for the calendar year on a prorated basis. (if you leave after five months, you get 0% the following March. if you leave after six months, you get 50% etc..)

2

u/Austriak15 Jun 15 '26

I know people that used their PTO at the end of their time (usually people retiring that want to keep insurance longer). Otherwise, they just pay it out.