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Maternity Leave -- Part VIII

If you're working a Mom, you've undoubtedly thought about maternity leave and possibly even considered paternity leave as well. Technically speaking, the term maternity leave refers to the 6 - 8 week period an employee is entitled to take after she gives birth and pregnancy is considered to be a "short-term disability". As a general guideline, it is stipulated in the Family and Medical Leave Act that if your company employs more than 50 workers, you should be able to return to either your old job or an equivalent one after three months of unpaid leave after the birth of your baby.

However, how the particulars are handled vary significantly from firm to firm. For example, depending on your company's policy, maternity leave may be paid or unpaid and classified as vacation, personal or sick days or some combination of each.

HerTip: The sooner you tell your employer you're pregnant the better. It will be far easier for you to negotiate a reasonable leave agreement.

More and more couples are choosing to exercise their rights to paternity leave as well. In these cases too, policies vary greatly from company to company so your partner will have to talk to the human resources department if interested.

Continue to: Part IX: Tax

To open a brokerage account, click here for Women's Financial Network at Siebert, where Smart Women Invest.

In this course, we will cover the following:

Budgeting
Childcare
Banking
Investing
Estate Planning
Insurance for You and Your Baby
Maternity and Paternity Leave
Tax Implications
College Planning
 

 

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