Paid Leave is funded by premiums paid by employees and employers. The initial premium rate is 0.88% of wages up to the cap set by Social Security's Old-Age, Survivors, and Disability Insurance program (currently $176,000). Your employer may deduct up to 0.44% of your wages to fund your portion of the premium. This total premium covers both Medical Leave (0.61%) and Family Leave (0.27%). Employers are responsible for sending premiums to Paid Leave on behalf of all employees.
Your premium contributions are: