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2020 PAID FAMILY LEAVE ACT (PFL)
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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