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Showing posts with the label payroll deductions

Get Ready for New Paid Leave Requirements in Minnesota: Key Deadlines for Employers

Employers in Minnesota should prepare now for new paid leave requirements that take effect soon. Starting on January 1, most employees working in the North Star State will be eligible to take job-protected paid leave to care for themselves and their families. Employers should note that several important deadlines between November and April will impact HR policies and practices. Here are the key points you should review now and an 8-step action plan to help ensure you’re prepared. Steps to Take in 2025 For most employers, Minnesota’s paid leave program will be run by the state and funded by employee and employer payroll tax contributions. However, there is an option to obtain private insurance or to self-fund the plan. Employers that wish to use a private insurance plan or self-fund a plan will need to submit appropriate documentation by  November 10 , if you want to ensure approval by January 1. Information on this process, including pre-approved insurance products, is  availa...