New York is about to become the fourth state to provide paid family and medical leave. And like the plans enacted in California, New Jersey and Rhode Island, this benefit is funded through a small payroll deduction into a state-wide insurance fund. As an advocate for working parents and a business school professor who works closely with employers, I am excited by this news.
God, I hate doing my taxes. But as I was compiling my receipts, 1099s and I040s, I saw something interesting on my Fairleigh Dickinson University W2 form. It was a listing of the amount deducted from my paychecks last year as part of New Jersey’s Family Leave Insurance program. It was all of $28.
New Jersey is one of three states (New York may be next!) to provide paid family and medical leave. And like California and Rhode Island, this benefit is funded through a small payroll deduction into a state-wide insurance fund. Simply put, everyone pays in a small amount, and then, when one needs a family-related (most commonly a maternity or paternity leave) or medical leave (care for self or for a family member), they can draw from this insurance fund for wage replacement of two-thirds of one’s income, up to $604 per week, during the 6-week leave.