Sounds like that's what's the standard all around...I was hoping that was the case, but thinking it likely couldn't be!
All right...likely won't even hafta touch the house money for gasoline for the trip! Kewl...
I think I cashed in about 60 hours when I quit to move here. Helped quite a bit with the moving expenses!
Yah... that's pretty standard.
Many companies "cap" vacation for just that reason... people don't take vacation, and end up accruing lots of hours at one rate, then take it later at a higher rate. It really fouls up the accounting for the accrued liability when you can't accurately predict how much the hours will cost at a later date.
Back when I werked at the smaller company, we worked out an interesting system. Lots of people commonly went a couple of years without a vacation, and didn't want it capped off or get in a position to "use it or lose it". I helped make a system where we accrued vacation *dollars* instead of hours. You earned it at your existing rate, and burned it at your current rate at the time. This let us correctly allow for the accrued liability in any given year, let people carryover vacation across salary changes, and didn't rip anyone off.
I thought it was a clever solution.
Well, that's sure good news! Means you'll have plenty to live on while getting a job, no?
How was the jam? Anime club was hilarious... just hilarious...