Unum Boosts Adoption Assistance For Employees

Thursday, January 23, 2020
Employee benefits provider Unum has a new benefit for its own employees: increased adoption assistance. Starting this month, the company will provide employees who adopt a child a one-time benefit of $25,000 to help pay for the cost.
 
“Adoption is an important avenue to consider for people growing their families, but it can be expensive,” said Liz Ahmed, executive vice president of People and Communications. “Offering financial support to employees expanding their families is another way we can help working parents thrive.”
 
The average cost of adoption from foster care is $2,500.
Private domestic and international adoptions average upwards of $43,000, according to Adoptive Families Magazine’s Adoption Cost and Timing Survey. These don’t include lost wages from work to bond with the child once adopted.
 
“This benefit may move the needle for people considering adoption and make it a possibility,” said Scott Hagie, who used Unum’s $5,000 adoption benefit in 2019 to welcome two-year-old Charlotte into his family. 
 
In 2018, Unum increased its infertility benefit to $25,000 for employees who have difficulty conceiving. It also introduced six weeks of paid parental leave for new parents after the birth, adoption or foster of a child. 
 
"Other resources for working parents include: flexible working policies; dedicated lactation rooms at home offices; Milk Stork services for mothers traveling for business; a simplified tool to help new parents plan for parental leave called LeaveLogic; a Working Parents Network; a pre-tax childcare savings accounts and 529 education plan contributions; competitive paid time off policy; and student debt relief program to help pay for kids’ education," officials said.

Chattanooga Chamber Calendar Of Events Feb. 17-21

January Tennessee Revenues Exceed Budgeted Estimates

Dollar Tree To Move Into Cleburn Square Shopping Center In Ringgold


Feb. 17, Connecting with Your Creativity through Writing 5:30-7:30 p.m. The Chattery, 1800 Rossville Ave., Ste. 108 In this class, you will learn tips and tricks to help you find your ... (click for more)

Tennessee Department of Finance and Administration Commissioner Stuart McWhorter on Friday announced that overall January state tax revenues exceeded budgeted estimates. Revenues for January ... (click for more)

Attorney Shawn Richardson announces the completion of a contract for Dollar Tree to move into the commercial space previously occupied by Fred’s in the Cleburne Square Shopping Center in Downtown ... (click for more)


Business

Chattanooga Chamber Calendar Of Events Feb. 17-21

Feb. 17, Connecting with Your Creativity through Writing 5:30-7:30 p.m. The Chattery, 1800 Rossville Ave., Ste. 108 In this class, you will learn tips and tricks to help you find your creativity, so come to class ready to play with letters and words. Register at thechattery.org . $20 Feb. 18, Creating a Business Plan 9-11 a.m. INCubator, 100 Cherokee Blvd. ... (click for more)

January Tennessee Revenues Exceed Budgeted Estimates

Tennessee Department of Finance and Administration Commissioner Stuart McWhorter on Friday announced that overall January state tax revenues exceeded budgeted estimates. Revenues for January totaled $1.55 billion, which is $129.4 million more than budgeted and 11.86 percent greater than revenues received in January 2019. “January sales tax revenues, reflecting consumer spending ... (click for more)

Breaking News

Chattanooga Man, 31, Killed In Head-On Crash Near Elizabethton; His Vehicle Was Struck By Man Fleeing Police

A Chattanooga man who was hit head-on by a vehicle being chased by police near Elizabethton, Tn., was killed in the crash late Sunday morning. He was identified as Thomas Taylor, 31. He was driving a BMW north on U.S. Highway 19E when his vehicle was struck by a Lincoln Towncar going the wrong way at a high rate of speed. Two other people were injured in the collision at Gap ... (click for more)

Fishermen Spot Body In Ocoee River

Two fishermen spotted a body in the Ocoee River on Sunday. Polk County Sheriff's deputies were then able to retrieve a man's body around noon. It was located about 100 yards west of Big River Access. The body was sent to Knoxville for an autopsy and to seek identification. (click for more)

Opinion

Celebrate President's Day By Remembering The Wisdom Of Our Founding Fathers - And Response

Monday, Feb. 17, is President’s Day. The holiday was originally designed to honor our first president, George Washington, and was celebrated on his birthday, Feb. 12. In an effort to give the public more leisure time, in 1971, President Richard Nixon officially designated certain federal holidays to be celebrated on Mondays. This included President Washington’s. Since it no longer ... (click for more)

Roy Exum: Believe In Harbingers?

A harbinger, we have been taught, is “something that foreshadows a future event,” or “something that gives an anticipatory sign of what is to come.” Last week in Connecticut, the families of three high school athletes – all female – filed a lawsuit against the Connecticut Interscholastic Athletic Conference. The lawsuit claims a current CIAC policy is a violation of the federal ... (click for more)