Citi’s Abortion-Travel Coverage Based on Longstanding Policy, Not Politics, CEO Says
- Benefit not intended as statement on sensitive issue, CEO says
- Policy reimburses employees forced to travel for abortions
Jane Fraser
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Citigroup Inc. Chief Executive Officer Jane Fraser said her company’s decision to cover travel costs for employees seeking abortion was based on longstanding company policy, and wasn’t intended as a political statement.
“What we did here was follow our past practices,” Fraser said at the bank’s annual shareholder meeting Tuesday. “We’ve covered reproductive health-care benefits for over 20 years, and our practice has also been to make sure our employees have the same health coverage no matter where in the U.S. they live.”