Leaves of Absence

Under certain circumstances, E*TRADE may allow you to take time off to attend to personal, family, health, and other needs. A Leave of Absence must be approved in accordance with the procedures set out in each specific policy. For more information regarding paid time off, visit My HR, click Payroll, Benefits, and Time Knowledge Base. Then, go to Time Off & LOA. The following Leaves of Absence are available to eligible employees:

  • Family/Medical Leave (FMLA and/or state family and medical leave)
  • Disability Leave (Short-Term and Long-Term)
  • Enhanced Maternity Leave
  • Parental Leave
  • Military Leave
TYPE ADMINISTERED BY METLIFE/BENEFITS ALLOTMENT METHOD OF PAY
Family Medical Leave (FMLA) (intermittent and continuous) Yes 12 weeks in a rolling 12-month period
  • Measured backward from the date employee used any prior FMLA
  • Employee must have been employed 12 months and have worked 1,250 hours
Unpaid
Short Term Disability (STD) Yes 13 weeks MetLife - 66.67% of pay
Enhanced Maternity/STD Yes 8 weeks + 4 weeks parental (6 months of tenure required) MetLife - 100% of pay
Long Term Disability (LTD) Yes Based on a schedule MetLife - 60% of pay; $10,000/monthly max
Parental (intermittent and continuous) Yes 4 weeks (6 months of tenure required)
E*TRADE - 100% of pay
State Specific Leave Yes Varies by state State-paid (if applicable), otherwise unpaid
Military Leave
  1. Employee: No (Unless 30+ business days)
  2. Qualifying Exigency: Yes
  3. Family Member Caregiver: Yes
In accordance with USERRA
  1. E*TRADE pays difference between salary and military pay for first 15 days; thereafter employee receives military pay only
  2. Unpaid
  3. Unpaid
Ask ALEX for Leave of Absence Guidance

Use ALEX to help you navigate the Leave of Absence process. ALEX can summarize the rights and benefits you may be entitled to when taking a leave. ALEX explains the most common scenarios and can help you understand the steps and considerations for your Leave of Absence. Click here to access ALEX.

Based on your specific situation, you may be entitled to different leaves of absence, so be sure to also review E*TRADE's policies in addition to using the ALEX tool.

Disability Insurance

E*TRADE automatically provides disability insurance for you at no cost. The loss of income due to illness or injury can cause serious financial hardship for your family. Disability insurance replaces a portion of your income to help you continue paying your bills and meeting your financial obligations during this difficult time.

Short-Term Disability

Should you become disabled and cannot work for an extended period due to illness or maternity-related condition, E*TRADE provides a Short-Term Disability (STD) benefit. The benefit is paid at 66.67% of your pre-disability weekly earnings, up to a maximum weekly benefit of $1,800. This benefit will be integrated with applicable state disability benefits.

Note: “Earnings” means your gross rate of pay and commissions earned averaged over the 12 month-period prior to the date of disability, or over the period of your employment if less. Awards, bonuses and overtime pay are excluded.

Enhanced Maternity Short-Term Disability and Parental Leave

To provide an enhanced paid leave benefit for new parents, we offer two programs:

  • Birth mothers can take advantage of Enhanced Maternity Short-Term Disability (STD), which pays 100% of your base pay for a total of eight weeks.
  • All parents, including partners and those adopting a child, can receive up to four weeks of Parental Leave at 100% of pay. Birth mothers can combine these benefits for a total of 12 weeks.

Parental Leave can start immediately upon birth or adoption. The leave must be completed within 12 weeks following the birth or adoption date. To be eligible, you must have completed six months of employment at time of birth/adoption. To review the full Enhanced Maternity Short-Term Disability and Parental Leave Policy, visit My HR, click Payroll, Benefits, and Time Knowledge Base. Then, go to Time Off & LOA.

Long-Term Disability

If you are disabled and unable to work for more than 13 weeks, E*TRADE also provides Long-Term Disability (LTD) insurance at no cost to you. This benefit replaces 60% of your basic, pre-disability monthly earnings, to a maximum monthly benefit of $10,000—but may be reduced by other benefits payments.

Note: “Earnings” means your gross rate of pay and commissions earned averaged over the 12 month-period prior to the date of disability, or over the period of your employment if less. Awards, bonuses and overtime pay are excluded.

Filing a Claim

To file a disability claim, call MetLife at 1-866-729-9201. For questions related to disability leave after you have filed a claim, Ask HR via the function button on Channel*E.