As we head into 2021, be sure to update the employee handbook or manual pertinent to NY PFL (Paid Family Leave) benefit changes.
Important numbers to remember!
Employee’s contribution rate is 0.511% of their annual salary, capped at $75,408.84.
John Doe: $50,000 $50,000 * 0.511 = $255.50
Bob Jones: $100,000 $75,408.84 * 0.511 = $385.34
Employee contribution will be capped at $385.34 per year
Benefit length will be extended to 12 weeks
Benefit payable will be increased to 67% of Average Weekly Wage
Benefit amount will be capped at $971.61