On August 31, 2018, the Superintendent of Financial Services for the State of New York issued a Decision on Premium Rate for Family Leave Benefits and Maximum Employee Contribution for Coverage beginning January 1, 2019. It was announced that New York State Paid Family Leave (PFL) benefits will increase to 55% of the employee’s average weekly wage, up to 55% of the statewide average weekly wage, for up to ten (10) weeks of leave.
The premium rate, like the benefits, is set as a percentage of an employee’s income. Thus, the premium paid by an employee depends on how much the employee earns: those earning less will pay a lower premium, and those earning more will pay a higher premium as they are eligible for higher benefits, up to the maximum for 2019 of 55% of the statewide average weekly wage.
As a result, the Superintendent determined that the premium rate for PFL for coverage beginning January 1, 2019, will be 0.153% of an employee’s gross wages each pay period, up to and to not exceed an annual maximum employee contribution of $107.97. Please note that the interpretation of this maximum remains as it did at the end of the 2018 benefit year in that if an employee’s contributions reach the annual maximum employee contribution of $107.97 before the end of the calendar year, the employee is not liable for any additional contributions for the year.
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