AN ACT LOWERING THE CONTRIBUTION CAP OF THE PAID FAMILY AND MEDICAL LEAVE INSURANCE PROGRAM.

SB 225 lowers the maximum payroll tax rate for the state's Paid Family and Medical Leave Insurance Program from its current level to 0.4% (four-tenths of one percent). This change directly affects workers who contribute to the program through payroll deductions, reducing the maximum amount they or their employers pay into the system. The bill modifies the contribution cap in the state's statutes but does not alter benefit amounts or eligibility rules for the program. (SB 225, introduced by Senator Fazio, is pending in the Labor and Public Employees Committee.)