Policy 433
Hourly/Non-Exempt PTO Payout Upon Separation:
Unused PTO time accrued prior to 1/1/17("2016 legacy bank") and unused PTO time accrued during the calendar year in which an employee separates will be paid to the employee upon retirement, release, resignation or termination of employment. Unused PTO time accrued in a previous calendar year (not including the 2016 legacy bank) will not be paid out upon retirement, release, resignation or termination of employment unless required by state law (i.e. CA, NE, RI & NE).
Retirees are allowed, at their discretion, to use accrued PTO to extend their period of employment beyond their scheduled effective date. All other employees whose employment is voluntarily or involuntarily terminated may not use PTO to extend their period of employment beyond their scheduled effective date. Those individuals will receive a lump sum payment for accrued but unused PTO (as defined above) in their final paycheck. The Manager Self-Service entry must be completed showing the "Last Day Worked" as the date the employee started the last shift that the actually worked without regard to any accrued PTO or other pay which may be paid at this time.
That's word for word what the handbook says.