Bill > SB5292

This bill modifies Washington state's Paid Family and Medical Leave (PFML) program by updating how premium rates are calculated and reported. The bill changes the annual premium rate-setting process, moving away from a complex calculation method to a more streamlined approach based on an annual actuarial report from the office of actuarial services. It maintains the existing structure where employers can deduct up to the full premium for family leave and up to 45 percent for medical leave from employees' wages, with employers having the option to pay all or part of the employee's share. The bill continues to exempt employers with fewer than 50 employees from paying the employer portion of premiums, while keeping the total premium rate capped at 1.20 percent. Additionally, the legislation requires more detailed annual reporting to the legislature about the program, including participation rates, fund balances, benefits paid, and demographic information about program participants. The new reporting requirements aim to provide greater transparency and help legislators understand the program's performance and financial health. The bill will take effect on January 1, 2027, giving the state time to implement these changes to the PFML program.

Budget and Finance, Business and Industry, Labor and Employment

https://app.leg.wa.gov/billsummary?BillNumber=5292&Year=2025&Initiative=false