New York State has released the 2022 policy year information for Paid Family Leave coverage.
Please note the following with regard to maximum benefit, maximum covered wages, premium rate and maximum employee contribution for PFL for 2022.
New Maximum PFL Benefit
The maximum PFL benefit in 2022 has remained unchanged at 67% of the employee's average weekly wage, not to exceed 67% of the statewide average weekly wage, which is $1,068.36 per week.
The maximum allowable duration of a PFL claim has remained unchanged at 12 weeks. The 4-year tiered PFL benefit roll-out was reached last year and will remain the same going forward.
Maximum Covered Wages
The maximum covered wages for PFL contributions for 2022 have increased to $82,918.
All eligible employee wages, including commissions and bonuses,
up to $82,918 annually will be subject to premium charge.
Premium Rate / Maximum Employee Contribution
The PFL premium rate for 2022 has remained unchanged at .511% (.00511)
When?
All changes are effective January 1, 2022.
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.
We have begun the process of updating our systems to accommodate this new information.
We feel confident that the transition into 2022 will be a smooth one.
Policy documents will be available during the 4th quarter of 2021.