Or. Admin. Code § 471-070-3010

Current through Register Vol. 63, No. 12, December 1, 2024

Section 471-070-3010 - Contributions: Method for Determining Contribution Rate and Maximum Wage Amount

(1) The department shall determine the Paid Family and Medical Leave Insurance (PFMLI) contribution rate on an annual basis. Using current and actual data as well as projections, the factors the department considers in determining the rate include, but are not limited to:

(a) PFMLI Trust Fund balance on August 31 of each year;

(b) Estimated number of Oregon employees and their estimated PFMLI subject wages;

(c) Estimated number of employers that employ on average 25 or more employees, as described in OAR 471-070-3160;

(d) Estimated number of employers that employ on average fewer than 25 employees, as described in OAR 471-070-3160, and the estimated number of those employers that commit to pay the employer contributions in accordance with OAR 471-070-3750;

(e) Estimated number of tribal governments electing coverage under ORS 657B.130(4) and the estimated number of employees employed by tribal governments that have elected coverage;

(f) Estimated number of self-employed individuals electing coverage under ORS 657B.130;

(g) Maximum wage amount;

(h) Average weekly wage as defined in ORS 657B.010(2);

(i) Estimated revenue that will be deposited into the PFMLI Trust Fund through the end of the next calendar year, including projections of:

(A) Contributions paid;

(B) Penalties and interest paid;

(C) Equivalent plan application fees paid; and

(D) Interest accrued on the PFMLI Trust Fund;

(j) Estimated expenditures from the PFMLI Trust Fund through the end of the next calendar year, including projections on:

(A) Benefits paid;

(B) Administrative costs;

(C) Assistance grants paid; and

(D) Amount reimbursed to the General Fund.

(2) For purposes of determining the contribution rate, estimates will include consideration of Oregon PFMLI program data and other relevant data sources, including but not limited to, other Oregon state agencies, other states' agencies, and federal agencies.

(3) Beginning with calendar year 2024, the maximum wage amount will be adjusted by the annual percentage increase (if any) in the August Consumer Price Index for All Urban Consumers, West Region (All Items) as published by the Bureau of Labor Statistics of the United States Department of Labor.

(4) The director shall announce the contribution rate and maximum wage amount by November 15 each year, effective for the following calendar year.

Or. Admin. Code § 471-070-3010

ED 4-2022, adopt filed 01/31/2022, effective 1/31/2022

Statutory/Other Authority: ORS 657B.340

Statutes/Other Implemented: ORS 657B.150