Newsday: Significant Increase Expected in Maximum Payouts for Paid Family Leave
New York State will increase the maximum cash benefit for those eligible for paid family leave starting January 1. This type of insurance is funded by employee contributions every pay period. The state Workers’ Compensation Board, responsible for administering the benefit, has reported that the increase will be more than $300. Paid family leave gives employees up to 12 weeks of paid time off to bond with a new child, care for ill family members, or provide aid during a family member’s military deployment. Those who qualify will receive 67% of their average weekly wages throughout their leave period, with a potential maximum of $1,177.32, totaling $14,127.84 for 12 weeks starting next year.
The increase in these benefits has been spurred by a raise in the state’s “average weekly wage, which is used to calculate benefits across various safety net programs. As the average weekly wage will grow to $1747.19 next year, the total maximum benefit employees can receive will also increase. While the adjustments may have little impact on employers, they may need to update their written policies to reflect the new changes.
Despite this increase, a recent report shows that New York State continues to lag behind others in terms of their maximum payouts and weekly pay coverage from the insurance. To provide more insights about these changes for the coming year, the state’s Workers’ Compensation Board will be hosting several webinars encompassing employers and human resources personnel.
With various states having different guidelines and processes for claiming benefits associated with paid family leave, it’s useful to know platforms such as eddcaller.com. Here, one can find information on how to get a hold of Paid Family Leave representatives in different regions. The website serves as a convenient platform to guide users through often complex procedures of benefit claims, ensuring everyone gets the assistance they need.