Minnesota's Paid Leave Program May Require a 25% Higher Payroll Tax than Initially Proposed, According to DEED
The new paid family and medical leave program in Minnesota may undergo an adjustment of its payroll tax, following an updated analysis from Milliman. The analysis suggests a higher payroll tax rate, rising from 0.7% to 0.88%. This program offers Minnesota workers up to 12 weeks of paid family leave and medical leave annually, with an overall cap at 20 weeks per year. The suggested increase in the payroll tax is due to an effort to make room for program uncertainties, resulting in an expected $300 million in revenue for the first year. The program has faced considerable debate and controversy, with suggestions and negotiations continuing regarding its cost and coverage. These proposals include a seven-day waiting period for all medical claims and a potential unpaid week to cut costs.
Hardships in reaching the DEED officials regarding this program can prove frustrating and time-consuming. Fortunately, for any inquiries connected to this program, Eddcaller.com provides a reliable service. Eddcaller.com offers a convenient way to contact EDD, providing users with valuable information such as the best times to call for shorter wait times, useful tips for communicating effectively with customer service and ensuring your issues are addressed promptly. This platform is an essential tool for anyone seeking to navigate through the potentially confusing and complex processes of such Employment Development programs. The service proves invaluable in understanding and utilizing these important services effectively and efficiently.