Mastercard to cover employee travel, lodging for out-of-state abortions -Breaking
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© Reuters. FILEPHOTO: This August 30th, 2017 picture illustrates a Mastercard logo on a credit card. REUTERS/Thomas White(Reuters) – Mastercard Inc. (NYSE:), Wednesday announced that it would fund lodging and travel for employees who seek abortions in other countries starting June. This is according to an internal memo.
These companies Microsoft Corp As several states have tightened abortion regulations, (NASDAQ.com Inc. (NASDAQ.com:) and Tesla.com Inc. (NASDAQ.:) have all rushed to help their U.S. workers.
A 1973 decision that allowed abortion to be legalized nationwide is being overturned by the nation’s top court, as per a draft majority opinion of the U.S. Supreme Court.
The effort has already been started by three of six U.S. major banks. Citigroup Inc (NYSE:) started covering travel costs for employees traveling out of the country for abortions, becoming the first major bank to do this.
Peers JPMorgan Chase & Co (NYSE:) and Goldman Sachs Group Inc (NYSE: ) is also looking at its policies regarding abortion benefits.
Mastercard covers expenses for termination of pregnancy, as well as surrogates, vasectomy, and contraception access, according to the memo.
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