New York disability benefits law and paid family leave

Key features of New York Disability Benefits Law (DBL)

Coverage options

State plan, self-insured or through an approved insurance carrier

Funding

Shared by employer and employees

Elimination period

7 days

Benefit

50% of average weekly wage

Maximum benefit

$170 per week (in 2021)

Benefit duration

26 weeks

Get more information about DBL from the State of New York.

Key features of New York Paid Family Leave (PFL)

Coverage options

Self-insured or through an approved insurance carrier

Funding

0.511% of employee wages up to state’s average weekly wage ($1,450.17 for 2021)

Elimination period

0 days

Benefit

60% of average weekly wage

Maximum benefit

$971.61 per week (in 2021)

Benefit duration

10 weeks

Maximum benefit duration for DBL and PFL benefits combined cannot exceed 26 weeks in a consecutive 52-week period.

Get more information about PFL from the State of New York.

Principal® has a solution

Principal teams up with ShelterPoint Life to offer New York Disability Benefits Law coverage to employers with New York employees. To be eligible, employers must offer group short-term disability, long-term disability, or term life coverage from Principal.

Want to learn more?

Talk to your advisor to design a benefit offering that meets the specific needs of your business and employees.

This summary is not a complete statement of the rights, benefits, limitations or exclusions of the insurance described here. For cost and coverage details, contact your Principal representative.

Insurance issued by ShelterPoint Life, Garden City, NY 11530.

EC4999NY