The most comprehensive Paid Family Leave program in the country is set to go into effect January1, 2018. Employers can begin making payroll deductions as early as July 1, 2017.
A Quick Recap of New York Paid Family Leave
Paid Family Leave provides employees with the income they need to enable them to stay home and care for:
· a newborn, adopted or foster care child within the first 12 months
· an ill or aging family member
· children while a spouse is serving in the military
Paid Family Leave will be phased in over the next four years, until 2021, when PFL will pay out the maximum coverage of 67 percent of an employee’s average weekly wage for 12 weeks.
Coverage will be community rated to promote a fair and efficient market, and coverage will be written as a rider to existing DBL policies.
Contact GPI today to learn more at 516.804.3383