Bill > LD2018

This bill modifies the rules for employers who choose to self-insure for the Paid Family and Medical Leave Benefits Program, which provides wage replacement for eligible workers needing time off for family or medical reasons. Specifically, it clarifies that self-insuring employers must provide a bond to the state, and while the state's Department of Labor cannot allow multiple employers to pool their risk (meaning they can't share the financial burden of claims together), it does permit them to jointly share the costs of administrative services like legal and accounting fees. The bill also adds "pooling of risk among multiple employers" as a violation that could lead to penalties for self-insured plans and makes these changes retroactive to April 1, 2025.