Last week, the Department of Financial Services announced the 2019 Paid Family Leave benefit amounts and employee contribution rate. The information was posted on the Paid Family Leave website and can be found here.
As provided for in statute, the benefit rate will increase to 55% of an employee’s average weekly wage to a maximum of 55% of the state’s average weekly wage, effective January 1, 2019. In addition, employees will have up to 10 weeks of paid family leave in 2019 (subject to the 52-week look back). For 2019, the state’s average weekly wage will be $1,357.11. Therefore, the maximum weekly benefit will increase to $746.41.
The employee contribution rate will increase slightly as well, from its current 0.126% of gross wages to 0.153% of gross wages up to the state’s average weekly wage, so that the maximum annual employee contribution will increase to $107.97 (about $2.07 per week).
Contact Maggie in Group Benefits or your Commercial Lines Account Manager for additional information regarding this change.
Article from Shelterpoint