FDIC Announces New Paid Parental Leave Benefit for Employees — 2019-10-09

The Federal Deposit Insurance Corporation (FDIC) today announced a new paid parental leave program for its employees, providing six workweeks of paid leave per year for the birth, adoption, or foster placement of a new child. The program will be available to mothers and fathers equally, and to both parents if both are FDIC employees. “We are proud to provide this important benefit to our employees to ease some of the burden and worry that new parents face. We recognize that many of our employees spend much of their time on the road and away from their family, and it is important that they feel supported,” said FDIC Chairman Jelena McWilliams. The FDIC’s new paid parental leave program includes the following highlights: • Employees will be provided up to six workweeks of paid leave per year for the purpose of caring for or bonding with a new child.