The State of New York has announced the 2024 contribution rates for the state’s Paid Family Leave program.
The Details
Background
As of Jan. 2018, New York's Paid Family Leave (PFL) program provides workers with up to 12 weeks of job-protected, paid leave to bond with a new child, care for a loved one with a serious health condition or help with military exigencies. PFL is funded through employee payroll deductions.
2024 Paid Family Leave Updates
Effective Jan. 1, 2024:
- The employee contribution rate will be 0.373% of:
- The annual maximum contribution limit will be $333.25 for each employee.
- Employees utilizing PFL benefits will receive 67% of their average weekly wage, up to a cap of 67% of the New York State Average Weekly Wage (NYSAWW) of $1,718.15.
- The maximum weekly benefit for 2024 will be $1,151.16.
- Employees earning less than the NYSAWW will contribute less than the annual cap of $333.25, consistent with their actual wages.
Next Steps
Effective Jan. 1, 2024, New York employers should begin to withhold from their employees’ wages the amounts noted above and remit in accordance with the PFL regulations.