June 1, 2017
NYS Paid Family Leave
The Department of Financial Services has released the employee contribution rate to be used for the upcoming 2018 year. The rate has been set at .126% to a cap of $1.65 per employee per week. The premium rates for carriers has not been formally set but the regulations released by the DFS state that the premium rate cannot exceed the maximum employee contribution. This is assumed to be the rate of each employee. We will not know the final premium numbers until they are released by the carriers.
Further, the Workers’ Compensation Board released their second draft of regulations. Notably, these draft regulations firmed up definitions for full-time and part-time employees, and reversed the Board’s prior draft regulations on the use of exhausting PTO time before PFL time for FMLA-qualifying employers. As these regulations are not yet final, we will need to wait until the final regulations are released to know how this program will truly work.
We will provide further information as it becomes available to us. In the meantime, please feel free to contact us should you have any additional questions. Thank you.
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