State Updates

2024 Premium Rates and Maximum Weekly Benefit Amount for Temporary Disability Insurance and Family Leave Insurance Announced

 

The NJ Department of Labor and Workforce Development (LWD) announced the 2024 Temporary Disability Insurance (TDI) and Family Leave Insurance (FLI) contribution rates and maximum weekly benefit amounts.

Below are the 2024 contribution rates for employees who work in NJ:

 

2024

2023

  TDI  

 0.00% 

 0.00% 

  FLI

 0.09%

 0.06%


As the above chart shows, in 2024, there will be no employee contribution for TDI, but an employee contribution rate of 0.09% applies for FLI. Employers are not required to contribute to FLI. However, TDI requires employer contributions. The contribution rate for employers varies from 0.10% to 0.75% of the taxable wage base for employers, which is $42,300 in 2024.

The 2024 maximum weekly benefit amount that eligible employees will receive under TDI is 85% of their average earnings, up to a maximum of $1,055 per week (for 2023: $1,025 per week).

TDI provides partial wage replacement to NJ employees who must stop working due to a physical or mental health condition or other disability unrelated to their work. FLI provides NJ employees with partial wage replacement when they take time off to bond with a newborn, newly adopted, or placed foster child; to provide care for seriously ill or injured family members; or to handle certain matters related to domestic or sexual violence. (The definition of family members is broad for the purpose of NJ FLI, and it can be found here.)

Employers should be aware of the 2024 contribution rates and should visit the NJ TDI and FLI Program website for further information regarding these benefits. For more information, please ask your advisor for a copy of our New Jersey: Employee Benefit Considerations publication.

2024 Contribution Rates »
New Jersey TDI and FLI Programs Main Site »

PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.

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