Purpose:

The purpose of this bulletin is to inform agencies of the 2024 New York State Paid Family Leave Program rate decrease.

Affected Employees:

Employees eligible for the New York State Paid Family Leave Program are affected.

Background:

The New York State Department of Financial Services announced the 2024 premium rate and the maximum weekly employee contribution for coverage will be 0.373% (0.00373) of employees’ weekly wage. The maximum employee premium deduction for Paid Family Leave in 2024 will be $333.25 per year.          

Effective Dates:

Effective for all 2024 paychecks beginning January 3, 2024 (Administration cycle) and January 11, 2024 (Institution cycle).

Eligibility Criteria:

Employees with a regular work schedule of 20 hours or more per week are eligible after 26 consecutive weeks of employment.

OSC Actions:

OSC will automatically decrease biweekly deductions for eligible employees.

Agency Actions:

Agencies must notify affected employees.

Questions:

Questions regarding this bulletin may be directed to the Tax and Compliance mailbox.