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 2023)
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	0.455% of employee wages up to state’s average weekly wage
Elimination period	0 days
Benefit	60% of average weekly wage
Maximum benefit	$1,131.08 per week (in 2023)
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 financial professional 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.

SharePoint Life is not an affiliate of any company of the Principal Financial Group.

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New York disability benefits law and paid family leave