MATERNITY & PARENTAL LEAVE PROGRAMS

When you’re expanding your family, you need the time away to recover, bond and get adjusted to new life with your new family member(s).  The following programs are available to employees at nbkc:

 

FMLA

Parental
Leave

Vaginal
Birth

C-Section

ReasonsRecovering from giving birth, caring for family member who gave birth and bonding with babyBonding after birth or adoption of childRecovery from giving birth to childRecovery from giving birth to child
EligibilityAssociate must be employed for 12 months and working 1250 hours over the past 12 monthsEmployees after six months of employmentAll EmployeesAll Employees
Leave DurationUp to 12 weeks2 weeksSix weeks of leave, paid at 100% if employed for at least six monthsEight weeks of leave, paid at 100% if employed for at least six months
Pay SchedulePTO for 5 days, STD, Parental Leave, PTO or unpaid2 weeks paid at 100%PTO for 5 days, 5 weeks STD, 2 weeks Parental Leave = 8 total weeks of leave paid at 100% (+ any PTO)PTO for 5 days, 7 weeks STD, 2 weeks Parental Leave = 10 total weeks of leave paid at 100% (+ any PTO)
Benefit PremiumsDeducted through payroll and/or benefit re-payment plan initiated when associate returns to workDeducted through payroll and/or benefit re-payment plan initiated when associate returns to workDeducted through payroll and/or benefit re-payment plan initiated when associate returns to workDeducted through payroll and/or benefit re-payment plan initiated when associate returns to work

*PTO must be exhausted prior to taking any unpaid time off

MATERNITY LEAVE POLICY

nbkc bank will grant eligible employees maternity leave for the birth of a child(ren). This leave is intended for recovery from child birth. Maternity leave may consist of a combination of Paid Time Off, Short-Term Disability, Parental Leave and leave without pay depending on the employee’s eligibility under the Company’s Paid Time Off, Short-Term Disability and Family Medical Leave Act policies.

Eliglibility

Any employee who has given birth is eligible for this benefit.

Leave Provisions

An employee may work for as long as is permitted by her physician and may return to work when medically approved to do so. The employee will be allowed six (6) weeks for a vaginal delivery and eight (8) weeks for a C-section. The Employee will be required to exhaust all accrued PTO prior to taking any unpaid time off.

PARENTAL LEAVE

nbkc bank will provide up to two weeks of paid parental leave to employees following the birth of an employee’s child or the placement of a child. The purpose of paid parental leave is to enable the employee to care for and bond with a newborn or a newly adopted or newly placed child. This Policy will run concurrently with Family and Medical Leave Act (FMLA) leave, in cases where an employee is eligible for FMLA leave.

Eliglibility

Employees are eligible to take Parental Leave every 12 months.  A 12-month period is defined as a rolling 12-months measured backward from the date of the start of the last Parental Leave.

Eligible employees must meet the following criteria:

  • Have been employed with the company for at least 6 consecutive months and be classified as a regular, full-time employee who works a standard 40 hour work week, a regular, part-time employee working 30-39 hrs/week or a commissioned employee, as defined by nbkc bank.

The employee must also meet one of the following criteria:

  • Have given birth to a child; or
  • Be a spouse or committed partner to one who has given birth to a child; or
  • Have adopted a child who is 17 years old or younger. This provision does not apply to the adoption of a stepchild by a stepparent.

Leave Provisions

Parental leave must be taken within the first twelve weeks after the birth or adoption of a child. This time may be taken all at once or throughout the twelve week period. Eligible employees must apply for Parental Leave benefits and provide proper documentation as a condition of receiving the benefit payment under this policy.

BENEFIT PAYMENT

An employee on Parental leave will continue to receive his or her regular salary and benefits during the period of absence in accordance with the following schedule:

  • Regular full-time employees who are FMLA eligible may take up to 12 weeks of Parental Leave for a birth or adoption: 2 of those weeks shall be compensated at 100 percent of the employee’s regular, straight weekly pay, and an additional 10 weeks of unpaid leave is available under this Policy. Regular full-time employees who have been employed 6-12 months, and are not FMLA eligible, may take up to 6 weeks of Parental Leave for a birth or adoption: 2 of those weeks shall be compensated at 100 percent of the employee’s regular, straight weekly pay, and an additional 4 weeks of unpaid leave is available under this Policy.
  • Regular Part-time employees working 30-39hrs/week who have been employed for at least 6 months may take up to 6 weeks of Parental Leave for a birth or adoption: 2 of those weeks shall be compensated at 100 percent of the employee’s regularly scheduled hours per week and an additional 4 weeks of unpaid leave is available under this Policy.

COMMISSIONED EMPLOYEES COMPENSATION

  • Mortgage Loan Originators will be paid at an hourly rate based on their prior six-month commission average.
  • Loan Origination Managers will be paid at an hourly rate based on their prior six-month commission average.

Benefit Questions