NY Paid Family Rate & Benefit 2023
The New York Department of Financial Services has released the 2023 PFL benefit and rates.
The PFL rate to .455% of taxable wages. The maximum an employee will contribute in 2023 will be: $399.43/year
The PFL maximum benefit will increase to: 67% of the average weekly wage to a maximum $1131.09/week.
Duration remains the same at 12 weeks.
The Statewide Average Annual Wage cap increases to $87,785.88 ($1688.19 per week).
Learn more about how we are successfully helping navigate SMB for 20+ years. If you have any questions or would like additional information, please contact us at 855-667-4621 or [email protected].
For information about transparency providers and new tech tools contact us at [email protected] or (855)667-4621.
Put You & Your Employees in Good Hands
Get In Touch
For more information on PEOs or a customized quote please submit your contact. We will be in touch ASAP.