Key features
|
Coverage options |
State plan or state-approved voluntary private plan |
|---|---|
|
Funding begins January 1, 2023 |
State funding will not be greater than 1% of wages to $132,900 |
|
Elimination period |
0 days |
|
Benefit (begins September 3, 2023) |
|
|
Maximum benefit |
$1,469.78 per week (2023) |
|
Benefit duration (within a 52 consecutive week period) |
Combined 12 weeks paid for medical or family leave; 2 additional weeks for pregnancy, childbirth, or related circumstances |
Principal® has a solution
We’re here to help by offering a state-approved voluntary private plan. When you have other group insurance products with us, it’s easy to add this solution. Plus, you get the same top-level service that comes with any of our products. You can be assured Principal is committed to offering a private plan that meets your obligation under the paid family and medical leave law as an Oregon employer. Our fully insured product is available to employers who offer at least one other qualifying, insured Principal product (voluntary term life, dental, vision, or long-term disability) and have 10 or more employees working in Oregon.
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 financial professional.
Insurance products issued by Principal Life Insurance Company®, a member of the Principal Financial Group®, Des Moines, IA 50392.
2184286-052022