FAMILY Act

This bill would create a federal paid family and medical leave insurance program, providing wage replacement benefits for workers who need time off for family or medical reasons. Eligible workers would receive up to $4,000 per month (with a minimum of $580), calculated as 85% of the first $1,257 in monthly earnings, 69% of the next $2,243, and 50% of any amount above that. The program would be funded through 0.2% payroll taxes on both employees and employers, administered by the Social Security Administration. It would directly affect workers who meet income requirements, with benefits available for up to 60 caregiving days per benefit period.