With millennials representing a large portion of the workforce, there are greater expectations for work/life balance. This is not only driving changes in employer policies but also in the regulatory environment.
The federal Family and Medical Leave Act (FMLA) of 1993 currently provides job protection, but it doesn’t provide any pay. This can create a financial burden for employees taking leave to care for themselves or loved ones. Many states and employers are now starting to address the need to financially help employees who are out on leave—providing value to both employees and their employers.
In general, Paid Family and Medical Leave programs (PFL/PFML) provide income while employees are away from work for various reasons, such as managing their own serious health conditions, welcoming a new child into their family, caring for a family member with a serious health condition, and preparing for a family member’s call to military service.
In this section of our toolkit, you’ll find information on this legislation and answers to frequently asked questions.
Click here for information on New York State Paid Family Leave (PFL).
If you need further assistance, please contact your New York Life Group Benefit Solutions representative today.
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