What is the funding source for Washington Paid Family & Medical Leave?

The funding source for Washington Paid Family & Medical Leave primarily comes from employee payroll contributions. Both employees and employers contribute to the program through a small percentage of wages, which is collected by the Washington Employment Security Department. Specifically, the contribution amount is determined annually and is based on a percentage of an employee's gross wages, up to a maximum salary limit. Employers are required to collect these contributions and remit them to the state, ensuring that employees have access to paid leave benefits when needed. It is important to note that the contributions for the program are shared between employees and employers, with employees typically covering the majority of the cost. This collaboration helps to sustain the program and provides vital financial support to individuals who need to take leave for family or medical reasons. For more detailed information on current rates and regulations, it may be helpful to visit the official website of Washington Paid Family & Medical Leave.