New Jersey employees will be making smaller contributions to the state’sfund this year than they did in 2010.
The state’s family leave program is funded 100% by employee’s payroll deductions. It provides up to six weeks of family leave benefits to covered individuals. Employees who take family leave can receive up to two-thirds of their usual wages.
In 2010, workers paid 0.12% of their wages until they reached the maximum amount of $35.64 per year. For this year, the state Department of Labor has set the rate at 0.06%, with an annual cap of $17.76.
Despite the new lower tax rate, workers who take leave will see only a marginal loss in benefits. The maximum weekly benefit will be $559 in 2011, down from $561 in 2010.
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