Change Paid Family Medical Leave Insurance Prog
What changed between versions
Extended paid family and medical leave from four weeks to twelve weeks for parents whose children are receiving inpatient care in a neonatal intensive care unit, effective for claims arising on or after January 1, 2026.
Changed premium rate structure: from January 1, 2026 through December 31, 2026, the premium is 88/100% (88 hundredths) of wages per employee, down from the previous 90/100% rate.
Added requirement that the director must adopt premium rates by rule for future calendar years, with specific criteria including maintaining fund balance of at least six months' worth of projected expenditures and minimizing premium rate volatility.
Added cap that premium rates shall not exceed 1.2% (one and two-tenths of one percent) of wages per employee.
Added requirement that the division provide public notice in advance of January 1st of any premium changes.