PLV is a unique benefit program that replaces traditional vacation, holiday, bereavement and sick time benefits with a dollar value payment earned with each payroll.
(This benefit is eligible to all employees from first day of employment.)
o Employees accumulate as much as he or she wants in the PLV bank
o After employment ends, accumulated PLV is paid out 100% to the employee on his or her last direct deposit
o Calculating your PLV each pay period—The PLV rate, is multiplied by hours (up to 80), times wage rate. The resulting dollar value amount is accumulated in a PLV bank.