The paid family and medical leave (PFML) premium rate will increase to 0.92% in 2025. The Employment Security Department (ESD) made the announcement during today’s meeting of the PFML Advisory Committee.

Although the 2025 rate is significantly higher than the current 0.74% rate, ESD still expects to see short term deficits in the PFML account beginning in January or March 2025 and continuing intermittently through 2026. (I wrote more about this, and the fund’s expected improvement after 2026, in a September post.)

Currently, employers pay 28.57% of the total PFML premium and employees pay 71.43%. In 2025, employers will pay 28.48% of the premium and employees will pay 71.52%.