Delta Air Lines Inc. has launched a new emergency savings program and financial counseling for qualified workers, according to a release from the company.
Beginning in January, eligible employees can earn up to $1,000 from Delta to cushion their emergency savings when they complete a financial education/coaching program and contribute to an emergency savings account. Employees will have the option to automatically set apart a portion of their pay and deposit it in a different account once taxes have been deducted.
The program is open to all employees of Delta Air Lines in the U.S. who are below the director level, including pilots.
“At Delta, we know that physical, emotional, social and financial health are essential for our people to be at their best,” Delta CEO Ed Bastian said in a press release. “This investment in the financial well-being of our employees is a practical solution to a common challenge. With stronger financial literacy and the peace of mind of a safety net, our team can worry less and focus on the goals that matter most to them.”
Delta’s emergency savings program is one of several new and expanded benefits announced for employees this year. The company also rolled out expanded maternity and parental leave, totaling 12 weeks for birthing parents, and up to 25 days of highly subsidized backup care services for children, adults, and pets.
Delata also expanded healthcare services, including access to a third-party advocate and new coverage for hearing aids, while keeping premiums flat.
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