HB22-1305
Paid Family Medical Leave Premium Reduction
Concerning a temporary reduction of the premium an employer must pay for each of its employees for the purposes of the "Paid Family and Medical Leave Insurance Act".
Session:
2022 Regular Session
Subjects:
Bill Summary
Health Care & Health Insurance
Labor & Employment
The bill reduces the premium paid by employers for the state's paid family and medical leave program, starting January 1, 2023, through June 30, 2023, from nine-tenths of 1% of wages per employee to eighty-one hundredths of 1% of wages per employee.
The bill requires the state treasurer to transfer $57.5 million from the general fund to the family and medical leave insurance fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)