Today, the NJ Department of Labor and Workforce Development (LWD) announced the 2023 rates for Temporary Disability Insurance (TDI) and Family Leave Insurance (FLI), with shocking changes.
Effective in 2023, TDI will become a 100% employer funded program. The previous 0.14% employee contribution from 2022 will now be 0.00%. Conversely, FLI will continue to be 100% employee funded with a 0.06% rate in 2023.
TDI | Employee Contribution Rate | 0.00% |
TDI Maximum Employee Contribution | $0.00 | |
Employer Taxable Wage Base | $41,100 | |
FLI | Employee Contribution Rate | 0.06% |
FLI Maximum Employee Contribution | $94.08 per year | |
FLI Employee Taxable Wage Base | $156,800 |
Lastly, the TDI benefits cap has also increased to $1,025/week in 2023 for up to 26 weeks, up from the 2022 cap of $993/week.
Question on how this impacts your payroll? Contact us now!
Eric Thieringer
President
Eric Thieringer is president of Eli Advisors, an HR, payroll and employee benefits firm focused on serving small to mid-size organizations. Eli's services and support address the frustrating gaps that challenge employers and their employees. By solving these problems, Eli Advisors creates financially sustainable programs and services that help organizations attract, retain, and engage the talent needed to succeed.