Maryland sets Paid Family Leave Contribution Rate for 2024

Maryland sets Paid Family Leave Contribution Rate for 2024

Maryland’s Time to Care Act provides an eligible employee with up to 12 weeks of paid leave for baby bonding, to care for a family member, for one’s own serious health condition, or a qualifying military exigency. Contributions begin October 1, 2024, with paid leave benefits beginning January 1, 2026.See prior Benefit Beat article here.

Maryland’s Department of Labor has set the contribution rate at 0.90% of covered wages up to the Social Security cap ($168,600) beginning October 1, 2024.

Employers employing 15 or more employees will split the contributions 50/50 with the employee. Employers employing 14 or fewer employees need not contribute to the program, only the employee contributes his/her share. 


The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations. This information is provided as general guidance and may be affected by changes in law or regulation. This information is not intended to replace or substitute for accounting or other professional advice. You must consult your own attorney or tax advisor for assistance in specific situations. This information is provided as-is, with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.

Maryland sets Paid Family Leave Contribution Rate for 2024 https://www.cbiz.com/Portals/0/Images/Paid Family Leave header.jpg?ver=KCdU38HrQJYMRBuwTWGbTg%3d%3dMaryland’s Department of Labor has set the contribution rate at 0.90% of covered wages up to the Social Security cap beginning October 1, 2024. 2023-11-07T20:00:00-05:00Maryland’s Department of Laborhas set the contribution rate at 0.90% of covered wages up to the SocialSecurity cap beginning October 1, 2024. Regulatory, Compliance, & LegislativeEmployee Benefits ComplianceNo