American Express Increases Parental Leave and Family Benefits for U.S. Employees Beginning January 1, 2017
December 12 2016 - 8:55AM
Business Wire
American Express (NYSE:AXP) today announced that the company’s
U.S.-based regular full-time and part-time employees will be
eligible for 20 weeks of paid parental leave. In addition, the
company will be increasing its employee benefits for reproductive
services, surrogacy, adoption and lactation.
The new paid parental leave policy covers women and men
welcoming a child through birth, adoption and surrogacy. In
addition to the 20 weeks of paid parental leave, birthing mothers
will be eligible to receive paid, medically-necessary leave related
to the birth of their child, which is generally, six to eight
additional weeks.
To help ensure employees feel supported from the moment they
decide to become parents through their return to work and beyond,
American Express is also increasing a variety of family benefits.
Beginning January 1, 2017, U.S.-based employees will be eligible
for:
- Reimbursement of expenses up to $35,000
to help with the cost of an adoption or surrogacy event (up to a
maximum of two events per employee);
- A lifetime maximum benefit of $35,000
for reproductive and fertility treatments, available under the
company’s health plans;
- Free 24-hour access to board-certified
lactation consultants; and
- Free breast-milk shipping while
traveling on company business.
“American Express remains deeply committed to our working
families and an inclusive culture that supports all of our
employees,” says Kevin Cox, Chief Human Resources Officer, American
Express. “These significant enhancements to our benefits reflect a
continued investment in the overall well-being of our employees and
their families.”
Additionally, beginning in January, expectant parents will have
access to a parent concierge, who will help employees understand
and navigate parental leave and the wide array of parental
resources and programs available to them.
Over the years, American Express has supported working parents
in the U.S. by offering them a holistic suite of family benefits,
ranging from prenatal planning to the opportunity to apply for
college scholarships. Beyond the benefit changes announced today,
American Express provides a comprehensive package of free,
family-friendly benefits to help parents manage work and caregiving
responsibilities. Some benefits include:
- Personal Concierge Services, programs
providing employees with a variety of discounts and access to a
group of researchers, ready and able to help with their to-do
lists;
- Back-Up Care, a program that provides
employees with up to 20 days, per dependent, per calendar year, of
quality in-home or center-based care;
- Healthy Babies, a program for expectant
mothers, providing them with a wide-range of healthcare resources
and incentives; and
- Flexible work arrangements, allowing
employees to work directly with their leaders to determine the best
work arrangement for their role.
Through these benefits changes and existing offerings, American
Express provides one of the most robust suites of parental benefits
among financial services companies operating in the U.S. People
interested in learning more about careers at American Express in
the U.S. can visit: https://jobs.americanexpress.com/us.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more
at americanexpress.com, and connect with us
on facebook.com/americanexpress,
foursquare.com/americanexpress, linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.
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version on businesswire.com: http://www.businesswire.com/news/home/20161212005626/en/
Amelia Woltering212-640-7034amelia.t.woltering@aexp.com
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