How is PTO calculated in Namely?

To calculate PTO, Namely divides the total amount of time off allowed under a plan (in hours or days) by the annual number of accrual dates. For example:

• Daily Accrual: Total time-off amount / 365 (366 on leap years)

• Weekly Accrual: Total time-off amount / 52

• Semi-Monthly Accrual: Total time-off amount / 24

• Monthly Accrual: Total time-off amount / 12

• Annual and Annual Lump Sum: The total amount is granted once per year.