summary
Introduced
01/15/2025
01/15/2025
In Committee
02/25/2026
02/25/2026
Crossed Over
03/06/2025
03/06/2025
Passed
Dead
Introduced Session
Potential new amendment
2025-2026 Regular Session
Bill Summary
AN ACT Relating to modifying the paid family and medical leave 2 rate calculation without increasing the total premium rate above the 3 1.20 percent maximum; amending RCW 50A.10.030 and 50A.05.050; and 4 providing an effective date. 5
AI Summary
This bill modifies how the state calculates the premium rate for paid family and medical leave, ensuring the total premium rate does not exceed the current 1.20 percent maximum. Specifically, it changes the process for setting the total premium rate from a calculation based on prior year expenses and account balances to an annual determination made by the commissioner based on reports from the office of actuarial services. The bill also updates the reporting requirements for the office of actuarial services, requiring them to project future premium rates needed to maintain solvency and a "four-month reserve" (meaning enough funds to cover four months of average expenses) in the family and medical leave insurance account, particularly by the end of the 2030 rate collection year and thereafter. The changes are set to take effect on January 1, 2028.
Committee Categories
Budget and Finance, Business and Industry, Labor and Employment
Sponsors (6)
Steve Conway (D)*,
Adrian Cortes (D),
T'wina Nobles (D),
Rebecca Saldaña (D),
Jesse Salomon (D),
Claire Wilson (D),
Last Action
Referred to Rules 2 Review. (on 02/25/2026)
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