Jan. 15 (Bloomberg) — Roxanne Vivanco just returned to her banking job in Ramsey, New Jersey, after spending 12 weeks with her newborn daughter without having to deplete her savings.
The 36-year-old community development manager at Toronto- Dominion Bank was able to tap a state-administered benefit that finances family leave through employee payroll contributions. "It was a blessing," said the mother of three. The money "helped with taking care of our house bills as well as food for the newborn and my other kids."
Vivanco considers herself fortunate in a nation where only 12 percent of workers get paid time off to care for a baby or a sick parent, according to the U.S. Labor Department. Rhode Island this month became the third state to start a paid family leave insurance program, which was initiated by California in 2004 and by New Jersey in 2009.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
