October 17th, 2023 by WCBC Radio
Maryland’s Department of Labor has determined the initial contribution rate for the new Family and Medical Leave Insurance State Plan. The rate will be nine-tenths of one percent of covered wages, divided between employees and employers with 15 or more workers. The rate applies to employers and self-employed individuals choosing coverage under the State Plan. Contributions begin October 1st of 2024 but claims on the plan will not be able to be submitted until 2026. Russell Berger of Offitt-Kerman Accountants says the plan works in a way similar to other state programs…
