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Paid Family Medical Leave Premium Reduction

Concerning a temporary reduction of the premium an employer must pay for each of its employees for the purposes of the "Paid Family and Medical Leave Insurance Act".
2022 Regular Session
Health Care & Health Insurance
Labor & Employment
Bill Summary

The bill reduces the premium paid by employers for the state's paid family and medical leave program, starting January 1, 2023, through June 30, 2023, from nine-tenths of 1% of wages per employee to eighty-one hundredths of 1% of wages per employee.

The bill requires the state treasurer to transfer $57.5 million from the general fund to the family and medical leave insurance fund.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)




Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details