Bill > SB6140

This bill establishes protections for the state's paid family and medical leave program to ensure its financial stability without increasing the maximum amount that can be charged for premiums or the rates at which contributions are collected. Specifically, if the calculated premium rate for the program exceeds 1.2 percent, the state's commissioner will reduce weekly benefits, including the maximum weekly benefit amount, for the following year to ensure the premium rate does not exceed that 1.2 percent threshold. Furthermore, the commissioner is authorized to reduce weekly benefits at any time, based on actuarial principles and other relevant information, to prevent the projected balance of the family and medical leave insurance account from falling below a specific, actuarially sound level. These provisions are set to take effect on January 1, 2027.

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https://app.leg.wa.gov/billsummary?BillNumber=6140&Year=2025&Initiative=false