Connecticut Paid Leave 2023 Annual Report
07.18.2023
HR & Safety
Released in July 2023, the Connecticut Paid Leave Authority’s annual report summarizes the authority’s activity for the period of June 1, 2022-May 31, 2023.
The authority was established to administer the state’s paid family and medical leave mandate, which was enacted by the General Assembly in 2019.
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CBIA IS FIGHTING TO MAKE CONNECTICUT A TOP STATE FOR BUSINESS, JOBS, AND ECONOMIC GROWTH. A BETTER BUSINESS CLIMATE MEANS A BRIGHTER FUTURE FOR EVERYONE.
Last year’s CT Paid Leave Report stated you received payroll contributions of $517,913,361 (for 6 months through May 31, 2022) to an existing balance of $390,949,029 for a total of $908,862,929 (1 1/2 years).
You have not reported the 12 month payroll contributions for 2022-2023 but let’s assume the are 2X the 6 month rate of $517,913,361 which is $1,035,826,722 plus the previous balance of $908,862,929 makes total contributions to date of $1,944,689,651. That’s just under $2 Billion dollars. And you have paid out 2 1/2 year total benefits of $374.6 Million.
What are you doing with the $1.5 Billion excess!