By now, you have most likely heard of the CT Paid Family Medical Leave Act (PFMLA), which will begin on Jan 1, 2021 with .5% being deducted from employee wages by their CT employer.
There will be an impact to the EMPLOYERS and the EMPLOYEES and can involve the SELF-EMPLOYED.
CTPAIDLEAVE.ORG is an excellent site designed to answer questions for employees, employers, and self- employed. Please take the time to visit this site. The following information is a snippet of what you need to know!
If you are an employer, this is what you need to know now:
If you have one or more employees, you MUST participate.
Employer registration is now open online at ctpaidleave.org.
Employee contributions begin on Jan 01, 2021 and will be run through your payroll system.
The employee deductions must be submitted quarterly to CPLA.
There are exemptions available; but, generally not for the very small businesses.
If you are an employee, this is what you need to know now:
You will have .5% deducted from your wages (equates to $250 yearly if you have earnings of $50,000).
The deduction is capped at wages of $142,800 for 2021.
Employees will be eligible for benefits starting in January, 2022.
This program can apply to part time employees assuming you have met certain earned-wage thresholds.
As an employee, there is nothing at this point that you need to do – just be aware that there will be a deduction in your paycheck starting the first pay in January.
If you are self-employed and/or a sole proprietor this is what you need to know now:
You can opt into the program if you wish, but you have to opt in for minimum of three years.
You can begin making contributions on Jan 01, 2021.
You can opt in now by registering at ctpaidleave.org.