Bonding for the new Massachusetts Paid Family and Medical Leave Law
Are you a Self-Insured employer seeking an exemption from making Paid Family and Medical Leave contributions? Then you are required to provide a Surety Bond to guarantee benefits are provided to your employees under this law.
The Paid Family and Medical Leave is a law that provides workers living in Massachusetts with paid leave for active duty member-related events, family leave and an employee’s state of health. The paid leave is administered by the Family and Employment Security Trust Fund. Both the employer as well as the employee are required to contribute to this fund.
The law states that all private Massachusetts employers, regardless of the size of the organization, should provide their employees with PFML.
To care for a family member with a serious medical condition.
To take care of your own serious medical condition.
Addressing any urgent need emanating from a family member who is on active duty.
Employers with a Qualifying Self-insured Plan are required to post a Surety Bond.
The Bond Amount is based on both the types of plans your business is providing as well as the number of employees you have. You can see examples of Bond Amounts here.
You must provide the executed bond to the Department of Family and Medical Leave to complete your exemption application. For more information about PMFL exemption, visit the Massachusetts State information page here.
At Metayer Bonding Associates we offer Surety Bonds for Clients throughout the Northeast including a heavy concentration of clients in Massachusetts and Connecticut. We can help you obtain this bond. In order to get started, please fill out the form provided here and we will contact you shortly.
Listed below are examples of the bond companies we work with.