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132nd MAINE LEGISLATURE |
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LD 1307 |
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LR 2176(02) |
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An Act to Suspend
the Remittance Obligation for Paid Family and Medical Leave Private Plan
Users |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Labor |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2025-26 |
FY 2026-27 |
Projections FY 2027-28 |
Projections FY 2028-29 |
| Appropriations/Allocations |
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Paid Family and Medical
Leave Insurance Fund |
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$20,000 |
$0 |
$0 |
$0 |
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| Revenue |
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Paid Family and Medical
Leave Insurance Fund |
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($25,000,000) |
($30,000,000) |
$0 |
$0 |
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| Fiscal Detail
and Notes |
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The Department of
Labor estimates that reimbursing certain employers that remitted premium
contributions to the Paid Family and Medical Leave Insurance Fund on or after
January 1, 2025 and who received approval to substitute a private plan before
January 1, 2026 will reduce revenue in the fund by $25.0 million in fiscal
year 2025-26 and $30.0 million in fiscal year 2026-27. |
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This bill includes
a one-time Paid Family and Medical Leave Insurance Fund allocation of $20,000
in fiscal year 2025-26 to the Department of Labor for the cost associated
with calculating and refunding contributions paid by employers on or after
January 1, 2025 and who received approval to substitute a private plan before
January 1, 2026. |
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