COMPANY NAMED ONE OF THE BEST WORKPLACES BY DAVE THOMAS FOUNDATION FOR ADOPTION FOR THE TENTH CONSECUTIVE YEAR.
NEW YORK, October 19, 2016—New York Life has once again been named to the 2016 Best Adoption-Friendly Workplaces List released by the Dave Thomas Foundation for Adoption. New York Life has qualified for this list for ten consecutive years.
New York Life’s adoption program currently offers up to a $10,000 reimbursement of eligible adoption expenses, as well as four weeks of paid parental leave for the parent who is the primary caregiver and one week paid parental leave for the secondary caregiver.
“We’re committed to dramatically increasing the number of adoptions from foster care, and commend all employers who support families–especially those that grow their families through adoption,” said Rita Soronen, president and CEO of the Foundation. “We are so grateful to every company that has adoption-friendly benefits in place, and we’re honored to recognize them as an Adoption-Friendly Workplace.
“For more than 170 years, New York Life has been in the business of being there for people when we're needed and helping them to build a better tomorrow,” said Katherine O’Brien, Senior Vice President and Chief Human Resources Officer, New York Life. “Providing an Adoption Assistance Program illustrates that helping others is more than our business, it is an important part of our culture. We are honored to be recognized for this program, which ensures that our employees receive the opportunity to spend time and build relationships with their adopted children.”
Since 2007, The Dave Thomas Foundation for Adoption has compiled an annual list of the top adoption-friendly workplaces. This year, for the first time, The Foundation is recognizing all companies that applied. A new Best Adoption-Friendly Workplaces website (adoptionfriendlyworkplace.org) will help employers and job seekers compare how companies stack up.
Best-Adoption-Friendly Workplaces are determined by an analysis of financial assistance and paid leave for families who adopt, based on surveys completed by employers. Break-out lists are available noting America’s top 100 adoption-friendly employers, the top 10 by size, and the leaders in each industry.
Best Adoption-Friendly Workplaces recognizes organizations of every size and industry that offer adoption benefits. Employers who applied for the program offer an average of $8,000 and five weeks of paid leave. Financial reimbursement varies from $0 to $25,000, and paid leave varies from one to 18 weeks. Unpaid leave for adoption, beyond what is required by the Family and Medical Leave Act, ranges from one week to three years.
The tenth annual Best Adoption-Friendly Workplaces list also helps increase foster care adoption awareness while celebrating businesses that support adoptive families. There are more than 100,000 children in the U.S. foster care system waiting to be adopted. Every year, more than 23,000 children in foster care age out of the system without families. To view the full list, visit adoptionfriendlyworkplace.org.
ABOUT THE DAVE THOMAS FOUNDATION FOR ADOPTION
The Dave Thomas Foundation for Adoption is a national nonprofit public charity dedicated exclusively to finding permanent homes for the more than 130,000 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 service programs, foster care adoption awareness campaigns and innovative grantmaking. To learn more, visit davethomasfoundation.org, call 1-800-ASK-DTFA, or follow the organization on Facebook and Twitter.
ABOUT NEW YORK LIFE
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. 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 website at www.newyorklife.com for more information.
* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/17/16. For methodology, please see http://fortune.com/fortune500/.
** Individual independent rating agency commentary as of 8/9/16.
*** New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.