Effective January 1, 2018, a new state law requiring employee-funded paid family leave will go into effect in New York State. Full paid leave benefits phase in over four years, as shown below. In 2018, for example, employees are eligible for up to eight weeks of paid leave at 50% of their average weekly wage (AWW), up to 50% of the N.Y. State Average Weekly Wage, (SAWW).
|Year||Weeks Of Leave||Benefit|
|2018||8 Weeks||50% of employee's AWW, up to 50% of SAWW|
|2019||10 Weeks||55% of employee's AWW, up to 55% of SAWW|
|2020||10 Weeks||60% of employee's AWW, up to 60% of SAWW|
|2021||12 Weeks||67% of employee's AWW, up to 67% of SAWW|
While there is a wealth of information available for both employers and employees at www.ny.gov/paidfamilyleave, we strongly suggest that you contact both your accountant and insurance broker to ensure full compliance with the law.