The New York State Department of Financial Services has updated both the Paid Family Leave (PFL) maximum contribution rate and the maximum contribution amount for the 2023 calendar year:

- The maximum employee contribution rate for 2023 will be 0.455% (2022 rate was 0.511%). 

- The maximum annual premium contribution to PFL for employees will be $399.42 (2022 amount was $423.71). 

Employers should ensure that their payroll departments are aware of the coming changes and alter paycheck withholdings prior to January 1, 2023.