Child-Bearer Parental Leave Support expanded by 300%, from 6 Weeks to
18 Weeks
New Secondary Parental Caregiver Policy Introduced, with 12 Weeks
Support to Secondary Caregiver (Biological, Adoptive, Surrogacy or
Foster Parent) Regardless of Gender, Sexual Orientation, or Pay
Classification
New Infertility Managed Care Program within Comprehensive US Medical
Plan
New Adoption Assistance Program Provides Expense Reimbursement Up to
$10,000 Lifetime Maximum
WAYNE, Pa.--(BUSINESS WIRE)--Dec. 10, 2018--
Teleflex Incorporated (NYSE: TFX), a leading global provider of medical
technologies for critical care and surgery, has announced that the
company’s US-based eligible employees will receive new and expanded
family-friendly benefits, commencing January 1, 2019. The enhanced
benefits will encompass parental leave, infertility services, and
adoption support. Eligible salaried and hourly employees who are (or who
are wanting to be) biological, adoptive or foster parents, including
individuals in the LGBTQ community, will be able to utilize these
enhanced benefits.
“Teleflex employees are passionate about making a difference in people’s
lives”, says Liam Kelly, president and CEO. “Our Teleflex medical device
products make a difference for millions of patients and health care
providers around the world every year. This new benefit offering will
also make a difference for our employees, and for those who matter most
to them.”
“People are at the center of all we do at Teleflex, and these enhanced
benefits absolutely reflect that core value,” said Cam Hicks, Teleflex
vice president of global human resources and employee communications.
“We wanted to provide our employees with a benefit offering that
reflects the unique profiles and needs of families today, through three
important dimensions: time off, reproductive services, and financial
support.”
The new parental leave policy covers women and men welcoming a child
through birth, adoption, surrogacy and fostering, providing 12 weeks of
time off, half of which is fully paid. In addition, birthing mothers
will continue to receive 6 or 8 weeks of paid leave through the
company’s current disability plan.
Teleflex employees pursuing infertility options will now be eligible for
enhanced reproductive services through coverage in the company’s
comprehensive medical plan. This enhanced benefit includes two full
cycles of assisted reproductive technology procedures including IVF,
IUI, Egg Freezing and Frozen Embryo Transfer, along with Donor Benefit
coverage. All fertility prescription coverage, both oral and injectable,
will also be covered. Additionally, employees will be provided a unique
personalized, concierge-style support throughout the entire fertility
process.
Under the company’s new adoption assistance program, eligible employees
can seek reimbursement for up to $5,000 per adoption (to a $10,000
lifetime maximum) for eligible expenses. Those eligible adoption related
expenses include agency and legal fees, travel and lodging, and
temporary foster care expenses.
About Teleflex Incorporated
Teleflex is a global provider of medical technologies designed to
improve the health and quality of people’s lives. We apply purpose
driven innovation – a relentless pursuit of identifying unmet clinical
needs – to benefit patients and healthcare providers. Our portfolio is
diverse, with solutions in the fields of vascular and interventional
access, surgical, anesthesia, cardiac care, urology, emergency medicine
and respiratory care. Teleflex employees worldwide are united in the
understanding that what we do every day makes a difference. For more
information, please visit teleflex.com
Teleflex is the home of Arrow® Deknatel®, Hudson RCI®, LMA®, Pilling®,
Rusch®, UroLift® and Weck® – trusted brands united by a common sense of
purpose.®
View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005001/en/
Source: Teleflex Incorporated
Teleflex Incorporated
Jake Elguicze
Treasurer and Vice
President, Investor Relations
610-948-2836