On November 1, Governor Kathy Hochul of New York signed Senate Bill 2928 adding siblings to the list of relationships for which an employee can take leave under the New York Paid Family Leave (NY PFL) program. A “sibling” includes a biological or adopted sibling, a half-sibling, or a stepsibling. Prior to the change, the program allowed an employee to take leave to care for child, parent, grandparent, grandchild, spouse, or domestic partner. The amendment goes into effect January 1, 2023, and applies to all policies or contracts issued, renewed, modified, altered or amended on or after that date.
What is FINEOS doing to prepare?
FINEOS will be ready to administer this amendment to help our clients remain in compliance. Using modern insurance technology solutions like the FINEOS Platform can help insurance carriers remain agile and competitive when leave legislation is revised. Learn more about how a modern, integrated disability and absence management solution can help your organization adapt to sudden changes and remain in compliance here.