New York State has published its latest mandated workers’ benefit. The state finalized regulations last week and they will be in effect starting January 1, 2018 and allow most workers to take up to eight weeks off at 50 percent pay to deal with family matters. The benefit increase over the next four years, reaching 12 weeks’ leave at 67 percent pay by the year 2021.
Unlike The Family and Medical Leave Act (FMLA), which only applies to companies with 50 or more employees, PFL (Paid Family Leave) will apply to any employer that has one additional employee. Participation is mandatory for most private employers but is voluntary for public employers. The PFL will be funded by a deduction from employees’ paychecks that employers will use to purchase insurance coverage.
There are three situations in which PFL can be applied:
- To care for a family member with a “serious medical health condition”
- To enable men and women time to bond with their newborn, adopted child, or to welcome a child into foster care
- To take care of family matters in which a family member is on active duty or facing impending call to active duty (“family member” refers to spouse, child, domestic partner, parent, grandparent and/or grandchild). An employee cannot take time off through PFL to care for their own health.
To view the regulations click here
As you can see, understanding benefits can be overwhelming – confusing options, endless paperwork and tedious legalities. Individuals need to be able to stay informed in all aspects of their coverage. To see a quote for your health insurance just Click Here to be redirected.
Whether you are in New Jersey or in New York. Cosmo Insurance Agency makes it easy for you. Our team has mastered every detail of the insurance process and will walk you through to the end, so you can be 100% confident when signing on the dotted line.
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