Nys Paid Family Leave 2024 Rate. The 2024 maximum contribution rate for paid family leave (pfl) is 0.373% of the employee’s annualized wages capped at the annualized new york state average weekly wage (nysaww) of $89,343.80 per year;* which translates to a maximum annual pfl premium of $333.25 per employee. The fair labor standards act of 1938 was a landmark piece.
The rate will be 0.373% of gross wages up to the state average weekly wage. The situation report | september 11, 2023.
Read The Official Rate Announcement Here.
The new york department of labor released its new york state average weekly wage (nysaww) ,used to calculate 2024 ny paid family leave benefits.
Effective January 1, 2024, The Ny Pfl Premium Rate Will Be 0.373% Of Covered Payroll (Down From 0.455% In 2023).
The covered payroll threshold (i.e., the statewide average weekly wage multiplied by 52) will increase to $89,343.80/year (up from $87,785.88/year for 2023).
12, 2023, 8:36 Am Pdt.
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Assist Loved Ones When A Family Member Is Deployed Abroad.
The maximum weekly benefit for 2024 is $1,151.16.
On Wednesday, August 30, 2023, The New York Department Of Financial Services (Dfs) Announced The Paid Family Leave (Pfl) Rate And Maximum Pfl Employee Contribution For The Coming Year.
This nysaww will be used as of january 1, 2024, to determine pfl benefits.
On August 30 Th, The Department Of Financial Services Released Their Review Of Paid Family Leave Utilization And Issued Their Employee Benefit And Contribution Rates For 2024.