Governor Hochul Announces Increased Government Payments to Workers in New York for the New Year
Governor Kathy Hochul announced on Tuesday that new legislation coming into effect in the new year will increase both workers’ compensation and the maximum weekly benefit for paid family leave for New Yorkers, while reducing the charge for business’ workers’ compensation insurance. Hochul emphasized the need for workers to have financial stability when dealing with family or health crises, as well as the requirement for affordable solutions for business owners.
The workers’ compensation system in New York provides financial and medical support to workers injured or ill due to their job, whilst also protecting employers from legal action. Employers contribute to this service through an annual assessment. From January 1, the lowest weekly benefit will rise to $325 per week from the previous figure of $275 per week in 2024.
Paid family leave in New York offers eligible employees up to 12 weeks of paid, job-protected leave for bonding with a new child, caring for a family member with a serious health condition, or assisting loved ones during a family member’s military deployment. From the new year, the total benefits from paid family leave can reach up to $14,127.84, reflecting a $300 increase from 2024.
Additionally, beginning January 1, the workers’ compensation assessment rate will decrease to 7.1%, saving New York businesses an estimated $191 million. This new rate shows a decrease of 43% from the 2019 rate.
For queries related to applying for Paid Family Leave or to get a fuller understanding of your rights and eligibility options as an employee, you may need to talk to a representative for proper guidance. The question then is how to contact PFL? There are dedicated resources such as eddcaller.com which can guide you through the process and help you get a hold of a live representative from the State’s Department of Employment Development for simplified, speedy assistance.