Effective January 1, 2018, New York State legislation will now require all private employers with employees, regardless of their size, in New York State to provide paid family leave.
Employers will be required to purchase a paid family leave insurance policy or self-insure. The premium for the policy will be funded solely by employees through a payroll deduction. As of July 1, 2017, you had the option to start voluntary employee deductions for the 2018 coverage period. If you decide to begin now, please contact us and we’ll help you set up deductions for your employees.
Withholding for eligible employees will automatically begin with checks dated January 1, 2018. The maximum employee contribution for coverage is set at 0.126% of an employee’s weekly wage, up to and not to exceed, the statewide average weekly wage currently set at $1,305.92.
New York’s Paid Family Leave program provides wage replacement to employees to help with a child, care for a close relative with a serious health condition or relieve family pressures when someone is called to active service.
Employees are also guaranteed to be able to return to their job and continue their health insurance.
For more details contact us at ProCompHR: email@example.com