Mastercard to cover employee travel, lodging for out-of-state abortions

A Mastercard symbol is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White

May 18 (Reuters) – Mastercard Inc (MA.N) on Wednesday said it will fund vacation and lodging for workers in search of abortions outside the house their house states from June, according to an inside memo witnessed by Reuters.

Firms including Microsoft Corp (MSFT.O), Inc (AMZN.O) and Tesla (TSLA.O) have rushed to the aid of their U.S. employees as quite a few states tighten abortion restrictions. read through extra

The country’s leading courtroom is also set to overturn a 1973 ruling which legalized abortion nationwide, in accordance to a leaked preliminary draft the greater part impression by the U.S. Supreme Court docket.

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3 of the six significant U.S. banking companies have already taken preliminary steps in direction of the effort. Citigroup Inc (C.N) started covering travel bills for workers who go out of condition for abortions in March, the initial main financial institution to do so.

Friends JPMorgan Chase & Co (JPM.N) and Goldman Sachs Team Inc (GS.N) are also examining its procedures that protect abortion benefits for employees. study more

Other than fees linked to pregnancy terminations, Mastercard will also protect surrogacies, adoption providers, vasectomies and accessibility to contraception, the memo reported.

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Reporting by Sohini Podder and Manya Saini in Bengaluru Modifying by Devika Syamnath

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