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You Take an Unpaid Leave
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You Take an Unpaid Leave
In certain situations, you may need to take more time off from work than your available vacation time allows. In such cases, you may be eligible for an unpaid leave of absence.
Leaves for some purposes, such as military leaves or leaves to take care of a seriously ill family member, may be subject to legal requirements. In cases where laws such as the Family and Medical Leave Act (FMLA) or the Uniformed Services Employment and Reemployment Rights Act (USERRA) establish leave requirements, the Corporation will comply with those requirements. In situations where no such laws or regulations apply, the Corporation, in its sole discretion, may grant an unpaid leave of absence.
In general, if you take an approved unpaid leave of absence, you are eligible to continue the healthcare and life and AD&D insurance coverage for which you were enrolled as of the day before your leave began, by paying required contributions. Any contributions paid during unpaid leaves of absence are paid on an after-tax basis, but you may be able to pay contributions through pre-tax payroll deductions before your leave begins. For most unpaid leaves, any contributions to flexible spending accounts are suspended until you return to work, unless you prepay those contributions through a deduction from your paycheck(s) before your leave begins.
Be aware that the provisions described here do not necessarily apply if you become disabled and take an approved disability leave.
If you take an unpaid leave under the FMLA…
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you may either
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continue contributions to a Healthcare FSA on an after-tax basis during your leave; or
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suspend Healthcare FSA contributions during your leave. If you suspend contributions, the healthcare expenses incurred while you are not contributing are not eligible for reimbursement.
If you take an unpaid leave under USERRA (to perform military service)…
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when you return to work, you are eligible to deposit make-up contributions to the 401(k) savings plan, and to receive the applicable Corporation matching contributions on your make-up contributions.
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for the Retirement Program plans, you will receive continuous service credit for the time you are on approved military leave, including credit that can be applied to meet the requirement to have one year of continuous service to participate.
Things to Do
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If you need to take time off from work, review the Paid and Unpaid Time Off section of the Human Resources Guide and speak to your manager about the options available to you. Take action as soon as possible to ensure that any leave that may be available to you is not delayed.
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If you receive approval and go on an unpaid leave, confirm your time off and your return-to-work date with your manager. During your leave, keep your manager informed about your situation and any changes in your plans to return to work.
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Contact the HRSC to confirm your eligibility to continue your current healthcare, disability, life and AD&D insurance coverages and your FSA participation. If you decide to continue any benefits during an unpaid leave, be sure to make any payments of required contributions as scheduled. Otherwise, your coverage could be cancelled.
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Ask Yourself: Am I eligible for coverage from another source, such as my spouse's employer's plan? If so, which makes more sense: continuing my coverage with McGraw-Hill or enrolling for the other coverage available to me?
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If you are returning from a military leave
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Ask Yourself: Can I afford to deposit make-up contributions in the 401(k) savings plan, so that I can receive the applicable Corporation matching contributions?
Making Changes
After you've considered your options, if you decide to or need to change your benefits, you can do so via Employee Self-Service on The McGraw-Hill Companies intranet. If the change you are making is to your 401(k) savings participation or to the investment of your 401(k) Savings and Profit Sharing Plan investments, visit Your Benefits Resources or call 1-866-477-6820.
How This Event Affects…
Medical, Dental, and Vision Coverage
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Any coverage that you and your family members have before your leave begins will continue during your leave as long as you make the necessary contributions toward the cost of coverage. These contributions are usually paid on a pre-tax basis before your leave begins, or paid on an after-tax basis during your leave at active employee rates.
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You can call the Employee Assistance Program to speak with a counselor regarding matters surrounding your need to take a leave.
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Employee Life and Accident Insurance
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Basic life insurance coverage for you, the employee, continues during your unpaid leave at no cost to you. The coverage amount is based on your annual compensation as of the last day you were at work before your leave began.
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Supplemental life and accidental death and dismemberment insurance coverage for you continues during your unpaid leave as long as you make the necessary contributions toward the cost of coverage.
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Your travel accident coverage is suspended during your leave, but resumes automatically when you return to work as an eligible employee.
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Dependent Life and Accident Insurance
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Property/Casualty Insurance
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You continue to receive credit for Retirement Program continuous service purposes, including service for eligibility.
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During an unpaid leave, your 401(k) contributions are suspended until you return to work. If your leave was covered under the USERRA, you may be eligible to deposit make-up contributions when you return to work.
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