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findings

Criterion 2b

Health insurance benefits

Businesses That Offer at Least Three Other ‘Soft’ Benefits for Domestic Partners

59

%

of CEI-rated employers have complete parity in spousal and partner access to “soft” benefits (when such benefits are offered at all) such as bereavement leave, employee assistance programs, employee discounts and relocation assistance.

Those individual benefits with the highest rates of parity include: Bereavement Leave Employee assistance programs FMLA-type Leave Employee discounts Relocation assistance Supplemental Life Insurance Adoption

91% 90% *84% 78% 76% 75% 55% *Not scored due to federal mandates.

Retirement Benefits

QJSA l QPSA l Rollover l Cash Balance l Hardship l

It is estimated that by the year 2012, 100 million Americans will be age 50 and older. The retiring population of LGBT workers is no different from their peers in wanting to ensure financial security and access of accrued benefits to their families.

296

233

369

152

269

79%

73%

124 206

300 405

Total (Raw)

348

69%

82% 86%

Raw Number with Parity

Percentage with Parity

Since the passage of the 2006 Pension Protection Act, the HRC Foundation ramped up its educational efforts to ensure CEI-rated employers both understood and followed the changes that went into effect under this law. The PPA allows non-spouse beneficiaries, including employees’ partners, to roll their inherited retirement benefits directly to an individual retirement account or annuity (an “IRA”). The Worker, Retiree and Employer Recovery Act of 2008 contained technical corrections to the PPA — as a result, all qualifying retirement plans were required to implement the non-spouse rollover provision as of Jan. 1, 2010. The PPA also allows for hardship withdrawals from a retirement plan for any designated beneficiary of the participant’s plan, such as a domestic partner, parent or sibling. Businesses were asked about their retirement plan distribution options. Eighty-six percent of those employers with rollover provisions have made the necessary adjustment to equally extend rollover benefits to same-sex partners, and 79 percent equally extend hardship options.

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c o r p o r at e e q ua l i t y i n d e x 2 O 1 2

www.hrc.org/cei

Corporate Equality Index 2012  

The Human Rights Campaign’s 2012 Corporate Equality Index chronicles a decade of progress in workplace equality. 2012 marks the first year...

Corporate Equality Index 2012  

The Human Rights Campaign’s 2012 Corporate Equality Index chronicles a decade of progress in workplace equality. 2012 marks the first year...