SB1:

Paid family and medical leave program; Virginia Employment Commission required to establish.

Bill Summary:

Paid family and medical leave program. Requires
the Virginia Employment Commission to establish and administer a
paid family and medical leave program with benefits beginning January
1, 2025. Under the program, benefits are paid to eligible employees
for family and medical leave. Funding for the program is provided
through premiums assessed to employers and employees beginning in
2024. The amount of a benefit is 80 percent of the employee's average
weekly wage, not to exceed 80 percent of the state weekly wage,
which amount is required to be adjusted annually to reflect changes
in the statewide average weekly wage. The measure caps the duration
of paid leave at 12 weeks in any application year. The bill provides
self-employed individuals the option of participating in the program.