The phrase identifies a tool specifically designed to estimate New York Paid Family Leave (PFL) benefits for the year 2024. This calculation typically involves factors such as an employee’s average weekly wage and the PFL benefit percentage applicable for that year, alongside any maximum weekly benefit caps.
Such tools are crucial for both employees and employers in New York. They provide employees with an understanding of the financial support available to them during periods of family leave, such as bonding with a new child, caring for a seriously ill family member, or assisting when a family member is deployed abroad on active military service. For employers, these estimators aid in planning and compliance with state regulations regarding mandated leave benefits.