Last year, President Obama approved an executive order that allowed federal employees to take a period of six weeks as a paid leave to take care of their new born children and also recommended all the cities and states to follow in with the order.
Paid parental leave programs expanding:
This expansion in the paid parental leave programs
- Also Read: How Early Retirement Affects Federal Employee Pensions and Social Security
- Also Read: Returning to Work After Disability Retirement: Rules, Risks, and Pension Impact
- Also Read: Rolling Outside IRAs Into the TSP: Trend Analysis of Pros, Cons, and Rules
Recently M&T bank became the newest addition to the list of enterprises that allow this paid leave program. It employs over 2500 people and now offers 12 weeks of paid leave to all the parents that need time to look after their children.
While there are positive signs, there are some alarming negative indicators as well. Some companies and some states as a whole aren’t eager to adopt these programs but it’s expected that they too will join in within a few months’ time. Here’s hoping that happens.



