New York Life Insurance Company Leads the Industry as One of America's Best Adoption-Friendly Workplaces
Company Named One of the Best Adoption-Friendly Workplaces by Dave Thomas Foundation for Adoption for the Sixth Consecutive Year
NEW YORK, N.Y., September 11, 2012 – New York Life has been named to the 2012 Best Adoption-Friendly Workplaces List released by the Dave Thomas Foundation for Adoption. In addition to ranking No. 1 in its industry for the third year in a row, New York Life has now made this list for the sixth consecutive year.
New York Life’s adoption program currently offers up to $10,000 reimbursement of eligible adoption expenses as well as four weeks paid time off for the parent who is the primary caregiver and one week paid parental leave for the secondary caregiver.
“The formation of a family comes with both joys and challenges,” said Rita Soronen, president and CEO of the Foundation. “It is critical for parent and child to have the opportunity to adjust when a child joins his or her adoptive home. We’d like to say thank you to the employers who provide family-friendly work environments and offer benefits to make adoption more affordable for families who open their hearts and homes to a child.”
“One of the reasons New York Life is able to attract and retain top talent is because we support our employees both professionally and personally. The company recognizes the value of offering family-friendly programs to our employees and we will continue to provide a competitive benefits package, as our people are our greatest asset,” said Maria Mauceri, vice president, benefits, New York Life. “We are honored to receive the Dave Thomas Foundation’s Adoption-Friendly Workplaces award for the sixth consecutive year and are proud to lead our industry in the rankings for the third year in a row.”
Every year the Dave Thomas Foundation for Adoption announces America’s top 100 adoption-friendly employers, the top 10 by size, and the leaders in each industry from its annual survey of U.S. employers. Rankings are determined by an analysis of a company’s adoption benefits, including the maximum amount of financial reimbursement and paid leave for families who adopt. The top 100 are featured in the September issue of Employee Benefit News, a SourceMedia publication that is the leading source of information for benefits decision makers.
There are more than 100,000 children in the U.S. foster care system waiting to be adopted. Every year, nearly 30,000 children in foster care turn 18 and leave the system without families to call their own. The release of the sixth annual Best Adoption-Friendly Workplaces List helps the Foundation increase foster care adoption awareness while celebrating those businesses that support adoptive families.
The Dave Thomas Foundation for Adoption is a national nonprofit public charity dedicated to dramatically increasing the adoptions of the more than 134,000 children waiting in North America’s foster care systems. Created by Wendy’s® founder Dave Thomas who was adopted, the Foundation implements evidence-based, results-driven national signature programs, foster care adoption awareness initiatives and research-based advocacy efforts. To learn more, visit www.davethomasfoundation.org, or call 1-800-ASK-DTFA.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life's Web site at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 21, 2012. See www.money.cnn.com/magazines/fortune for methodology.
**Source: Individual Third Party Ratings Report as of 6/22/12.
***New York Life Investments is a service mark used by New York Life Investment