You may have recently received updates on NY Paid Family Leave (PFL) from carrier and payroll partners. I wanted to send out some additional information as the volume of client question/concerns has intensified over the past few weeks. Please see the attached FAQ and Pricing Chart from The Hartford. The law is subject to change prior to January 1, 2018 so future updates will be sent out.
Here are the most common client questions, please let me know if I can be of assistance.
Top NY PFL Client Questions
How do I make sure my company/employees are covered?
For customers with existing NY DBL coverage, all employees covered by DBL will automatically have NY PFL coverage effective January 1, 2018. Carriers will automatically add a PFL rider to DBL policies continuing in effect in 2018.
Who pays for Paid Family Leave and how much is it?
PFL is funded 100% by employees through payroll deductions. The weekly contribution rate for Paid Family Leave is 0.126% of the employee’s weekly wage (capped at New York’s current average wage of $1,305.92). This means the maximum contribution is $1.65 per employee per week. Unlike DBL, this rate is the same for all employees regardless of gender or age.
What is the benefit available to employees?
PFL covers Maternity/Paternity Leave, Care for a Loved One, and Military Services. Benefits are 50% of wages (capped at average statewide weekly wage) with a maximum benefit duration of 8 weeks. The benefit percentage and duration are designed to gradually increase over the next 4 years.