This week Intel announced new job benefit policies that include tripling their adoption assistance program, and quadrupling their fertility coverage, noting, “family is family – no matter what it looks like.”
This comes after the company unveiled an expanded “family bonding leave” policy in January, which allows employees who are new parents to take up to eight weeks of paid leave, in addition to the existing pregnancy policy that provides new mothers with up to 13 weeks of paid time off. The “family bonding leave” can be taken any time within the first 12 months of a child’s birth, adoption, or foster care placement.
Recognizing that the cost of adoption has nearly doubled since they first began offering adoption benefits in 2009, Intel is increasing their adoption benefit from $5,000 to $15,000 and removing the lifetime maximum.
“Whether Intel employees are looking into adopting a first child, or are creating room in their home for those who need it most, removing a lifetime maximum on adoption benefits allows employees to bring the maximum amount of love into their family,” a company press release stated.
In addition, fertility benefits will be increased from $10,000 to $40,000, with an additional $20,000 available for prescription coverage. Also hugely significant is the removal of the requirement to have a medical diagnosis in order to qualify – something that had previously excluded same sex couples from this benefit.
“As a 30-something, I’m just now beginning to think about what my family plan might look like.
The views, opinions and positions expressed by these authors and blogs are theirs and do not necessarily represent that of the Bioethics Research Library and Kennedy Institute of Ethics or Georgetown University.