PFML Sliding Scale Updates
We're excited to announce that you now have the option to adjust and manage the employer-paid portion of taxes for Paid Family Medical Leave (PFML) in BambooHR for the following states:
- Colorado
- Oregon
- Massachusetts
- Washington state
These states now offer employers the option to cover their employees' portion of PFML taxes on a sliding scale. By default, the scale is set to 0% coverage, but you have the flexibility to increase it up to 100% coverage.
You can easily manage employer contributions by selecting the PFML tax type for the above four states under the “Taxes” tab within “Payroll” on the Settings page.
Here, you’ll be able to see the Tax Account Details, including tax type, frequency, employee tax rate, and the Employer Contribution to your employees' portion. You can change this for current (increases to contributions only) or future quarters.
We are excited to roll out these enhancements, giving you control and confidence to set these contributions effortlessly. If you are looking for more information regarding this update, make sure to check out the BambooHR Help Center.
As always, we love your feedback! To provide product feedback on this feature and more, head over to our product feedback page and let us know how we’re doing.