WELLESLEY, Mass., Feb. 15,
2024 /PRNewswire/ -- The Paid Family and Medical
Leave Tax Credit Extension and Enhancement Act introduced by
Senators Deb Fischer of Nebraska and Angus
King of Maine will make it
easier for employers of all sizes to offer paid leave benefits to
their employees. Paid leave programs have become strong tools for
talent recruitment and retention, as more workers in the U.S. seek
out a broad range of benefits through their employers, enabling
employees to take leave and come back to work more productive and
less stressed.
"We fully support paid leave for all workers in America," said
Dan Fishbein, M.D., president, Sun
Life U.S. "This is an essential benefit that serves everyone,
whether you're a new parent, caring for a loved one, or
experiencing a major health event. Paid leave provides a pathway
for people to keep their jobs without neglecting their health or
that of a loved one, and as a result strengthens businesses and our
economy."
As a long-time advocate for paid leave at federal, state, and
employer levels, Sun Life offers its employees one of the most
generous paid leave programs in the country.
"The enhancements proposed in this legislation will encourage
more employers to offer paid leave to lower-wage workers, who often
face a difficult decision when the need to take leave arises,"
Fishbein continued. "By making the tax credit permanent and
broadening its accessibility to more employers, as well as
rewarding companies who exceed statutory paid leave requirements,
the legislation will meaningfully increase the number of Americans
with paid leave coverage. We thank Senators Fischer and King for
their leadership on this critical national issue and look forward
to supporting their efforts to expand access to paid leave and make
it a new normal in our country."
Sun Life U.S. has supported efforts to expand paid leave in
several states, including Colorado, Connecticut, Florida, Maine, and Massachusetts, and recently announced a new,
fully insured coverage option with Family Leave Insurance,
broadening access to paid leave in states without a government
program.
About Sun Life
Sun Life is a leading international
financial services organization providing asset management, wealth,
insurance and health solutions to individual and institutional
Clients. Sun Life has operations in a number of markets worldwide,
including Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December
31, 2023, Sun Life had total assets under management of
C$1.40 trillion. For more
information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Sun Life U.S. is one of the largest providers of employee and
government benefits, helping more than 50 million Americans access
the healthcare and coverage they need. Through employers, industry
partners and government programs, Sun Life U.S. offers a portfolio
of benefits and services, including dental, vision, disability,
absence management, life, supplemental health, medical stop-loss
insurance, and healthcare navigation. Sun Life employs more than
8,300 people in the U.S., including associates in our partner
dental practices and affiliated companies in asset management.
Group insurance policies are issued by Sun Life Assurance Company
of Canada (Wellesley Hills, Mass.), except in
New York, where policies are
issued by Sun Life and Health Insurance Company (U.S.)
(Lansing, Mich.). For more
information visit our website and newsroom.
Media contacts
Devon Fernald
Sun Life U.S.
Devon.Portney.Fernald@sunlife.com
781-800-3609
Maya Linson
Sun Life U.S.
Maya.Linson@improvingoralhealth.com
202-794-3738
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates
https://www.linkedin.com/company/sun-life-financial
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SOURCE Sun Life U.S.