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AmEx to increase family benefits for U.S. employees

2 years ago3 views



American Express said on Monday it would increase parental leave and family benefits for U.S. employees from January, joining a list of big U.S. financial companies that have done so this year. AmEx's new family benefits include 20 weeks of paid parental leave, reimbursement of adoption or surrogacy expenses of up to $35,000, and a maximum benefit of $35,000 for reproductive and fertility treatments, the company said. The United States lags behind other developed countries in the amount of leave given to employees. In 2015, only 21 percent of U.S. employers offer paid maternity and 17 percent have programs for paternity leave, according to a study by the Society for Human Resource Management.

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