Press release
Paychex Helps Businesses Navigate Families First Coronavirus Response Act
ROCHESTER, N.Y., March 20, 2020 /PRNewswire/ -- On March 18, Congress passed and the President signed into law the Families First Coronavirus Response Act to
About this update from Paychex, Inc.
[{"type":"text","content":"ROCHESTER, N.Y., March 20, 2020 /PRNewswire/ -- On March 18, Congress passed and the President signed into law the Families First Coronavirus Response Act to address the impact of the coronavirus (COVID-19) pandemic. Paychex, Inc., a leading provider of HR, payroll, benefits, and insurance solutions, is helping business owners understand what the legislation means, both for their business and employees, as well as offering support and resources.\n\n \n \n \n \n \n \n\n \n\"In addition to the health and safety concerns this crisis presents, it will have a financial impact on businesses and people across the nation. The Families First Coronavirus Response Act will provide much-needed relief,\" said Martin Mucci, Paychex president and CEO. \"While we're awaiting specific details on the mechanics of the Act's implementation, Paychex will continue to support our customers throughout this process, ensuring their payroll, HR, and insurance needs are met and providing the education and resources to help navigate the act's many provisions.\" \nIn general, the Families First Coronavirus Response Act dedicates tens of billions of dollars for paid sick and family leave, unemployment insurance, free COVID-19 testing, and other measures to help Americans impacted by the crisis. The final bill, which takes effect for most covered employers no later than 15 days after enactment and sunsets on December 31, 2020, contains numerous provisions affecting businesses and individuals. \nHere is an overview of the key elements, which generally apply to private employers with fewer than 500 employees:\nEmergency Family Medical Leave (FML) Expansion Act: Temporarily expands the provisions under the Federal Family and Medical Leave Act specifically to address COVID-19-related absences. Eligible employees, who have worked for their employer for 30 days, who qualify for leave under the expanded reasons for leave, would be paid by their employer after the first 10 days of leave at a rate of no less than two-thirds of their current rate of pay. There is cap of $200 per day, up to a maximum $10,000, for up to 12 weeks in the benefit year. Employees are permitted to take but employers cannot require the use of any other paid time off during their leave. Employees covered under a multi-employer bargaining agreement are addressed separately in the legislation. Som...