‘Pay For Time Off’ (‘PFTO’) Frequently Asked Questions
For questions about creating, accessing, making changes to or issues with your PFTO bank account, please contact The Bank of Labor at (855) 245-2267. To find the nearest Moneypass ATM to use your debit card to get cash without a fee, please click this link: https://moneypass.com.
What is Pay For Time Off (PFTO)?
PFTO is a negotiated item within the Inside Agreement. It is meant to provide some paid time off for our members working under the Inside Agreement, and to encourage regular attendance on the job.
How is PFTO accrued?
To be eligible to earn PFTO in any week, an employee must work at least 32 hours in that week, with some exceptions. If an employee is not offered at least 40 hours in a week, they would earn PFTO for all hours worked. If a holiday occurs during the week in question, an employee would need to work at least 24 hours in that week to earn PFTO for all hours worked.
For example – The employee works 8 hours Monday, 8 hours Tuesday and 8 hours Wednesday, they have no hours Thursday, and Friday is an observed holiday: They would be eligible for PFTO for that week, which would be paid for the 24 hours actually worked.
Another example – an apprentice is on a scheduled 4-10 job and works 10 hours Monday, 10 hours Tuesday, and 10 hours Wednesday, but none on Thursday because they have class and none on Friday because it’s a 4-10s job: They would be eligible for PFTO for that week, which would be paid on the 30 hours actually worked.
If an employee works 32 hours or more in a week, their PFTO would be calculated on the actual hours worked, whether it’s 33, 40, 60, or whatever the amount is.
How is PFTO calculated?
PFTO is $.60 per hour worked in an eligible week for QCJWs, and $.40 per hour worked in an eligible week for non-QC JWs. These amounts are adjusted upward if the JW in question is a Foreman or General Foreman.
For example – A non-QC JW is a Foreman 2 (10%) and works 32 hours in a week: the PFTO amount would be calculated as 32 (hours) x $.40 (non-QC PFTO amount) x 1.1 (the Foreman 2 adjustment) = $14.08 in PFTO for the week ($.44/hr).
Another example – A QCJW is a Foreman 2 (10%) and works 32 hours in a week: the PFTO amount would be calculated as 32 (hours) x $.60 (QC PFTO amount) x 1.1 (F2 adjustment) = $21.12 in PFTO for the week ($.66/hr).
PFTO for all sub-classifications is based off of the QCJW PFTO rate ($.60) and adjusted downward depending upon their (sub)classification.
For example, a CE1 works 32 hours in a week: the PFTO amount would be calculated as 32 (hours) x $.60 (QC PFTO amount) x .65 (CE1 adjustment) = $12.48 in PFTO for the week ($.39/hr).
PFTO earned on overtime or double time hours is calculated as above, but adjusted upward the same as the wage rate.
For example – a CE1 works 50 hours in a week: the PFTO amount would be calculated as 40 (hours) x $.60 (QC PFTO amount) x .65 (CE1 adjustment) = $15.60 + 10 (hours) x $.60 (QC PFTO amount) x .65 (CE1 adjustment) x 1.5 (OT adjustment) = $5.85 for a total PFTO amount earned for the week of $21.45.
Does PFTO take the place of Federal Sick Leave (EO 13097)?
As best as Local 1141 staff have been able to determine, our PFTO does not replace the federal sick leave requirement for work performed on federal installations. It is a completely separate Inside Agreement item.
Is PFTO taxable?
Yes, PFTO is taxed weekly, as you earn it at your regular tax rate. The money you receive in your individual Bank of Labor account is after-tax, free and clear, and does not need to be reported.