Today, (December 31, 2024) an announcement was made by New York State Governor Kathy Hochul to bring increased workers’ compensation and Paid Family Leave benefits for workers, plus delivering savings for businesses that will go into effect on January 1, 2025.
Governor Hochul announced that both the minimum weekly benefit for workers’ compensation and the maximum weekly benefit for Paid Family Leave will increase. In addition, the workers’ compensation assessment rate for employers will drop…