With quarantining and working from home the continuing reality for the foreseeable future, fewer employees are taking advantage of PTO. Rather than let all of that unused time disappear into the void, one innovative solution is to convert the cash value of unused PTO toward employee student loan payments.
Insurance provider Unum is already using this approach through a partnership with Fidelity Investments. Unum employees are able to transfer up to 40 hours of PTO to help pay down their student loans.
