Maine paid leave fund projected to stay stable for 10 years, first claims report shows 8,376 applications
The state's paid family and medical leave program released its second annual actuarial report and its first claims report, covering the program's first three months of claims.
Maine's paid family and medical leave trust fund remains solvent and is projected to stay stable for 10 years, according to an actuarial report the program published Thursday.
The Maine Paid Family and Medical Leave program, part of the Maine Department of Labor, also released its first claims report. It showed the program received 8,376 applications between March 30, when it began accepting claims, and June 30.
Among approved claims, medical leave was the most common reason, followed by welcoming a new child and caring for a family member, the program said. Other reasons made up a very small share of claims. The release did not say how many applications were approved or denied.
The actuarial report is the program's second annual report. Its projection is based on updated revenue and claim spending figures, the program said.
The paid leave law was enacted in 2023. It gives eligible workers up to 12 weeks of paid leave for medical, parental, family care, military family or safe leave. The program began paying benefits May 1.
The first claims report covers only the program's first three months of claims. Future claims reports will be published annually and will cover a full year, the program said.
"We are excited to see the PFML Program effectively off the ground and helping Maine workers and businesses through life's big moments," said Luke Monahan, the program's director.
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