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A major financial institution has announced that it will pay for its employees to have abortions out of state, prompting backlash from the pro-life community.
One of the largest banks in the United States, Citigroup announced its intention to pay for employees’ abortions in a definitive proxy statement submitted to the U.S. Securities and Exchange Commission ahead of its annual shareholder meeting, scheduled for April 26.
The SEC “requires that shareholders of a company whose securities are registered under Section 12 of the Securities Exchange Act of 1934 receive a proxy statement prior to a shareholder meeting, whether an annual or special meeting.”
Page 20 of the proxy statement includes “compensation and human capital management highlights” designed to illustrate how Citigroup is “continuously innovating in how we recruit, train, compensate, promote and engage with our workforce” and encouraging “career growth and development by offering broad and diverse opportunities to colleagues.”
In addition to paid parental leave, some of the “opportunities” offered to Citigroup employees touted in the proxy statement involve the company taking a definitive stance on hot-button issues in the culture war.
“In response to changes in reproductive healthcare laws in certain states in the U.S., beginning in 2022, we provide travel benefits to facilitate access to adequate resources,” the statement reads.
While Citigroup did not mention any particular state by name, the most notable pro-life law passed in 2021 is the Texas Heartbeat Act. The law bans abortions once a heartbeat can be detected, usually around six weeks gestation. Multiple courts at the state and federal level have upheld the law as pro-abortion groups want the law struck down.
Multiple pro-life groups and politicians reacted unfavorably to Citigroup’s new policy. In a tweet, the pro-life group Susan B. Anthony List characterized Citigroup’s new policy as inconsistent with the vow of “forward-thinking companies” to “implement […]
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