New York State has released the 2020 policy year information for Paid Family Leave coverage.

New York State has released the 2020 policy year information for Paid Family Leave coverage. Please note the following changes to maximum benefit,  maximum covered wages, premium rate and maximum employee contribution for PFL for 2020.

New Maximum PFL Benefit

The maximum PFL benefit in 2020 will be increased to 60% of the employee’s average weekly wage, not to exceed 60% of the statewide average weekly wage, which is $840.70 per week.  The maximum allowable duration of a PFL claim will remain at 10 weeks.

https://www.dfs.ny.gov/system/files/documents/2019/08/pfl_decision_prem_rate_2020.pdf

Maximum Covered Wages

The maximum covered wages for PFL contributions for 2020 have increased to $72,860.  All eligible employee wages, including commissions and bonuses,  up to $72,860 annually will be subject to premium charge.

https://www.dfs.ny.gov/system/files/documents/2019/08/pfl_decision_prem_rate_2020.pdf

Premium Rate / Maximum Employee Contribution

The PFL premium rate for 2020 has been increased to .270%  (.00270) 

https://www.dfs.ny.gov/system/files/documents/2019/08/pfl_decision_prem_rate_2020.pdf

When?All changes are effective January 1, 2020.

Who? Keep in mind that PFL,  like DBL, is a required statutory coverage.   All premium is paid through employee contributions.   Failure to provide PFL coverage is subject to penalty by New York State.

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Rochelle Dejong
Rochelle Dejong
My professional experience consists of over 30 years working in an accounting environment with numerous accounting software packages. My goal is to assist small business with their bookkeeping and financial needs to keep them up to date with their financial reports so that they may achieve their goals.