For CY 2024 the State of NY has reduced the contribution rate factor by 18% to .373% from .455% in 2023. The second annual decrease in rate factor contributions since the enactment of the NY PFL regulations in 2018. 2024 rate contributions do not include any Covid-19 related surcharges which were eliminated in 2023 but […]
In response to the COVID-19 Pandemic, states have issued guidance as it relates to extensions of grace periods for payment of insurance premiums. On March 29th, Governor Cuomo (NY) signed an executive order extending grace periods for payment of insurance premiums for small businesses who can demonstrate financial hardship as a result of the novel […]
Effective March 18th, 2020 New York Governor Cuomo has signed the “Emergency Covid-19 Paid sick leave regulation”. https://www.lawandtheworkplace.com/files/2020/03/NY-Leave-Bill.pdf Effective April 2nd, the Federal Government enacted the Families First Coronavirus Response Act which will provide paid leave for employers with less than 500 employees. New York benefits could be offset by benefits received under the Federal program. […]
Reuben Warner Associates expands its capabilities in the state mandated disability marketplace as we can now assist with the placement of MA Paid Family & Medical Leave coverage for companies with employees in Massachusetts. Please feel free to reach out to our team if you have specific questions.
As a New York Company, Reuben Warner Associates along with all other businesses in New York must remit quarterly premiums for PFL deductions made from employees through payroll deductions. For small employers who remit NY DBL/PFL premiums on an annual prepaid basis, employers would need to estimate the annualized contribution they will collect from employees. […]
Since the passage of the NY Paid Family Leave Benefit, many have been asking how benefits will be taxed and whether or not the employee contributions would be withheld on a pre or post tax basis. The New York State Department of Taxation and Finance has released the attached notification as guidance. NY PFL-Taxing Information […]
Paid Family Leave Update -Rate Released
Paid Family Leave