The New Jersey Department of Labor and Workforce Development today announced a reduction in worker and employer contribution rates to the state’s Temporary Disability Insurance and Family Leave Insurance programs for next year.
Workers will see their contribution rates for Temporary Disability drop to zero percent, from .14 percent, while the Family Leave rate will be cut by more than half, to .06 percent, from .14 percent. In practical terms, workers will save an average of $56.25 in Temporary Disability contributions and $55.25 in Family Leave contributions in 2023.
Collectively, the state’s roughly 4 million workers will save approximately $223 million per program next year. Read more from NJ.gov.