On Friday, August 30, the New York State Department of Financial Services announced an updated employee contribution rate for NY Paid Family Leave benefits effective January 1, 2020. With a rate increase from 0.153% to 0.270% and an increase of the NY State Average Weekly Wage from $1,357.11 to $1,401.17, the new maximum employee annual contribution for the upcoming year is capped at $196.72. Employees will receive a benefit of 60% of their Average Weekly Wage up to a maximum of $840.70 per week. The maximum length of paid leave however will remain at 10 weeks.
For Your HR Assistant clients, please contact the JFA HRC&C team with any questions you have.
What circumstances are eligible for Paid Family Leave?
Employees can submit claims for Paid Family Leave in order to:
- Bond with a newly born, adopted or fostered child within the first 12 months of birth or placement.
- Care for a spouse, domestic partner, child/stepchild, parent/stepparent, parent-in-law, grandparent, or grandchild with a serious health condition.
- Assist a spouse, domestic partner, child/stepchild, parent/stepparent or parent-in-law when they are deployed abroad on active military service.
To learn more about the New York State Paid Family Leave policy, visit paidfamilyleave.ny.gov.