Paid family and medical leave program; Virginia Employment Commission required to establish.

Paid family and medical leave program. Requiresthe Virginia Employment Commission to establish and administer apaid family and medical leave program with benefits beginning January1, 2025. Under the program, benefits are paid to eligible employeesfor family and medical leave. Funding for the program is providedthrough premiums assessed to employers and employees beginning in2024. The amount of a benefit is 80 percent of the employee's averageweekly wage, not to exceed 80 percent of the state weekly wage, which amount is required to be adjusted annually to reflect changesin the statewide average weekly wage. The measure caps the durationof paid leave at 12 weeks in any application year. The bill provides self-employed individuals the option of participating in the program.