MACC News: New York Paid Family Leave Act

New York Paid Family Leave Act



Last week, the New York Department of Financial Services announced the amount of the weekly contribution rate for employees pursuant to  the New York Paid Family Leave Act. The weekly contribution rate is 0.126% of the employee’s weekly wage, capped at New York State’s average weekly wage of $1,305.92. The maximum possible contribution is $1.65 per week. These amounts are subject to increase in future years.