Bill > LD2018

This bill amends the requirements for self-insurance plans in Maine's Paid Family and Medical Leave Benefits Program by explicitly prohibiting employers from pooling risk, financial resources, or administration among multiple employers when establishing a self-insurance plan. The bill requires self-insuring employers to furnish a bond to the state with a surety company authorized to do business in Maine, and adds a new provision that considers the pooling of resources among multiple employers as a failure to comply with the program's requirements. The bill includes language specifying that these changes will apply retroactively to April 1, 2025, meaning the restrictions on pooling resources will be considered in effect from that date. This legislation appears aimed at ensuring that each employer maintains individual financial responsibility for their own paid family and medical leave benefits, preventing collective risk-sharing arrangements that could potentially undermine the program's financial stability.

Labor and Employment

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=2018&snum=132