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ShelterPoint Life Insurance wrote an excellent article laying out the difference between Paid Family Leave premium payments and payroll deductions.
Because Paid Family Leave is new to New York State, many employers still wonder who actually pays for PFL and how. We’ve heard questions from employers like, “Wait, why am I being charged for PFL insurance? I’ve set up payroll deductions for that” or, “How do I pay for PFL?” So, how do you handle PFL premium payments and withholdings?
The difference between PFL premium payments and payroll deductions may be surprisingly simpler than you’d think once you read the answers to these top 2 questions. So, let’s get to the bottom of this!
The two questions ShelterPoint answers are “My payroll system withholds PFL from my employees’ wages. Doesn’t that mean my premium is paid? Why do I still get a bill?” and “How do I pay my PFL premium?” Click here to read their answers.