PFML Premiums Set to Decrease in 2024
Washington State Paid Family & Medical Leave (PFML) premium rates will decrease in 2024 for UW personnel whose work is performed in the state of Washington.
More specifically, the premium rate for the PFML program will decrease from 0.8% to 0.74% of your gross wages up to $168,600 of taxable income. This is paired with a change in the employee–employer split for PFML, with the employee’s contribution decreasing to 71.43%. These changes will be reflected in your January 10, 2024, paycheck.
To calculate your 2024 PFML premium contribution and to learn more about PFML benefits, please visit paidleave.wa.gov. More information about the premium update can be found at https://paidleave.wa.gov/updates/.
As you look forward to the new year, we hope you also take advantage of the resources and services provided by the WA EAP and The Whole U which can help support you with budgeting and financial planning. See what events are coming up, find helpful articles at Financially Fit, and take advantage of those unique employee discounts.