Economic Security for New Parents Act (S.920)
The family-leave debate is heating up once again in Washington, with several bills recently put in play with an objective of creating a uniform national standard mandate for paid maternity leave. One such bill, S.920 (Economic Security for New Parents Act) was introduced last month by U.S. Sen. Marco Rubio (R-Fla.) and adds a different twist to the financial mechanics of the concept–using the leave-taker’s future Social Security benefit as a financing option.
Human Resource Executive’s Jen Colletta,in a post on hrexecutive.com, examines the Rubio proposal and its provisions for either extending full retirement age or reducing benefit payments. Read her article here…