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Bill > S09840


NY S09840

NY S09840
Relates to increasing short-term disability benefits.


summary

Introduced
06/03/2024
In Committee
06/07/2024
Crossed Over
06/07/2024
Passed
Dead
12/31/2024

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the workers' compensation law and the insurance law, in relation to increasing short-term disability benefits

AI Summary

This bill relates to increasing short-term disability benefits in New York. The key provisions are: - It amends the Workers' Compensation Law and Insurance Law to increase the weekly disability benefit for the first 12 weeks, from 50% of the employee's average weekly wage to 55%, 60%, and then 67% of the average weekly wage between 2026 and 2028. The benefit for the remaining 14 weeks of the 26-week period would be 30% of the average weekly wage. - It allows for a collective bargaining agreement to waive the increased disability benefit levels from 2026-2028 for employees covered by that agreement. - It increases the maximum employee contribution for disability benefits from the current $0.60 per week to $2.20 per week starting in 2026, and then to 40% of the combined employee and employer contributions in 2029. - It requires self-insured employers to report their disability benefit contribution data to the Superintendent of Financial Services for the purpose of setting the employee contribution cap. - It makes various other technical and conforming changes to the Workers' Compensation Law and Insurance Law related to disability and family leave benefits.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

referred to ways and means (on 06/07/2024)

Bill Topics

Labor and Employment
  • ‐ Employee Benefits
  • ‐ Worker Safety and Protection

bill text


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