Some companies are doing it to save money. Others are doing it to be more family friendly. The two are not mutually exclusive.

They can get unhappy at the conversion point if they feel they have lost something in the transition.

Employees have come to think of sick time as a vested benefit, but that's not what it was meant for.

Then the family can do with the money as they see fit.

This is a good kid from a strong family with a father who wouldn't let him throw away that money. He didn't even get a car until about two years ago. He's an outstanding person.

The family didn't know about the money, it was a total surprise.