That is correct. It means since the company is offering the leave, that you keep your health insurance, acrue longevity and maintain your travel bennies while you are away.
If you were to take a personal leave of abscense, you may not get to keep any of the perks of the job while you are out.
If you were to take a personal leave of abscense, you may not get to keep any of the perks of the job while you are out.