Paid Family Leave
PFL and Your Business
With the passing of the Paid Family Leave Benefits Law, a paid-leave of absence will become a mandatory employee benefit in the state of New York beginning on January 1, 2018. The program, which will be the longest and most comprehensive of its kind, will provide wage replacement to employees so that they can bond with a child, care for a family-member with a serious medical condition, or relieve the pressures caused by the absence of someone in the military. In addition to job-protected time off, employees will also be guaranteed the continuation of their health benefits.
For employers, Paid Family Leave (PFL) constitutes new compliance obstacles, in addition to staffing challenges and payroll management issues. Although the premium will be funded through employee deductions, businesses will also be required to hold PFL coverage. Please contact JFA to review your DBL policy and learn more about how PFL could affect your business.
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