New York State Department of Financial Services (DFS) announced today, the updated NY Paid Family Leave (NY PFL) employee contribution rate for upcoming 2020 calendar year.
The NY PFL Employee Rate will be increasing from 0.153% to 0.270%
Details of these updates are outlined below and will be effective January 1, 2020.
NY PFL Rate and Benefit Updates for 2020:
| NY PFL Employee Contribution Rate Change for 2020 | |||
| Employee Rate | 0.270% of employee’s weekly wages, up to annualized NYS Average Weekly Wage (NYSAWW-$1,401.17*) | ||
| Annualized NYS Average Weekly Wage Cap | $72,860.84 | ||
| Maximum Employee Annual Contribution | $196.72 | ||
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| NY Paid Family Leave (PFL) Benefit Provisions | |||
| Claim Year | 2020 | 2019 | |
| Effective Date | January 1, 2019 (applicable to new leaves beginning 1/1/20 or later) |
January 1, 2019 (applicable to all leaves initiated in 2019) |
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| Maximum Length of Paid Leave | 10 weeks | 10 weeks | |
| Payable Benefit % of an Employee’s Average Weekly Wage | 60% | 55% | |
| Maximum Weekly Benefit
(Cap % of NY State Average Weekly Wage (NYSAWW*)) |
$840.70 (60% of NYSAWW of $1,401.17*) |
$746.41 (55% of NYSAWW of $1,357.11*) |
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*The New York State Department of Labor annually publishes the NY State Average Weekly Wage by March 31 of each year, which will be the basis for determining the maximum benefit payable for the subsequent calendar year. https://labor.ny.gov/stats/avg_wkly_wage.shtm
Read more here: PFL Rate Decision – 2020