MetLife, Inc. · NYSE:MET
MetLife — Conference Presentation (November 2021)
21 slides from MetLife's conference presentation, November 2021
Slide 1: Connecticut Paid Family & Medical Leave – Prepare for Success
Connecticut Paid Family & Medical Leave – Prepare for Success November 2021 The information contained in this presentation is not legal advice and should not be relied upon or construed as legal advice. This presentation is for general informational purposes only and does not purport to be complete
Slide 2: What We'll Cover Today
Connecticut Paid Family What We’ll Cover Today: & Medical Leave – Preparations for Success 01 Explore CT PFML program and its influence on CT FMLA and other benefit programs Featuring Tony Dulgerian and Gina Rutledge 02 Employer obligations supporting your workers including participating in the clai
Slide 3: Connecticut Paid Family & Medical Leave Overview
Connecticut Paid Family & Medical Leave Overview
Slide 4: Qualifying reasons for CT PFML
Qualifying reasons for CT PFML Starting January 1, 2022 Leave can be taken continuously, or under certain circumstances, intermittently, or on a reduced leave schedule Paid Family Leave Paid Medical Leave NEW Child bonding Employee’s own serious Paid Leave for employees impacted by health condition
Slide 5: How CT PFML impacts CT FMLA
How CT PFML impacts CT FMLA CT DOL Guidance on Transition Summary of changes to Connecticut Family and Medical Leave beginning January 1, 2022 from 2021 to 2022: newfmlaguidance (ct.gov) Current State Changes effective January 1, 2022 Covered Applies to employers with 75+ employees Applies to employ
Slide 6: Eligibility for CT PFML benefits
Eligibility for CT PFML benefits • Virtually all employers are required to provide coverage Covered Individuals Financial eligibility test Covered Employees Not covered • Full time • Certain employees of state/municipal governments • Part-time • Employees of the federal government • Seasonal • Certa
Slide 7: Coverage options for CT PFML
Coverage options for CT PFML State Run Program Private Plan Options CT Paid Family and Medical Leave Insurance Private plans and state contribution Authority oversees the state program exemption – 3 years • Insured by a carrier • Self-insured Employee contribution amounts: Musts • Total: 0.5% of wag
Slide 8: Life of A Claim
Life of A Claim i MetLife
Slide 9: Meet Imani
Meet Imani
Slide 10: Employees must notify their employer of leave
Employees must notify their employer of leave Best Practices Add instructions for notice requirements to your normal Imani tells her manager that leave policies and procedures for employees she is pregnant Provide notice to employees and new hires annually of these Which notice rules apply? features
Slide 11: Employees need to apply for CT PFML
Employees need to apply for CT PFML Imani applies for CT PFML benefits State Plan Application for state benefits only Private Plan Coordinate state plans with other benefits Separately Paid parental leave File for company benefits Federal FMLA Federal FMLA CT FMLA CT FMLA Both the state and private
Slide 12: Employers must participate in the claim process
Employers must participate in the claim process Best Practice Recommendations State Plan • Update your company’s CT PFML registration for leave administration Within 10 • Create a template for repeatable information − Job descriptions calendar days − Company paid leave benefits Employers need to rep
Slide 13: Calculating Imani's leave allotment
Calculating Imani’s leave allotment STEP How much PFML time is Imani works 5 days per week 01 available based on work schedule? STEP 1 12 weeks normal (+2 weeks if incapacitation during pregnancy) STEP How much PFML has STEP 2 02 0 days already been used? 12 weeks for PML and PFL (allowing 2 extra w
Slide 14: Calculating Imani's benefit amount
Calculating Imani’s benefit amount The state has a benefit Imani earns calculation formula: $1,000/week STEP 1 STEP 1 95% up to 40x CT minimum wage ($13/hour or $520/week) $ 494.00 STEP 2 $ 288.00 STEP 2 60% of the difference between base weekly earnings and Step 1 calculation STEP 3 $ 782.00 more t
Slide 15: CT PFML impacted by state's minimum wage
CT PFML impacted by state’s minimum wage Minimum Wage Public Act No. 19-4 CT CT PFML Maximum Minimum Wage 60x Minimum Wage $780 January 1, 2022 $13/hour July 1, 2022 $14/hour $840 June 1, 2023 $15/hour $900 CT PFML’s statute allows for the benefit to be reduced if the contributions collected are ins
Slide 16: CT PFML benefit payments may be supplemented or replaced
CT PFML benefit payments may be supplemented or replaced Supplements to CT PFML Substitute for CT PFML Likely may be received at same time as CT PFML Cannot be received at same time as CT PFML Unemployment STD or LTD (if less than 100% pay) Workers’ Compensation Accrued leave as a top up to PFML ben
Slide 17: When intermittent and reduced schedule leaves may apply
When intermittent and reduced schedule leaves may apply Medical Leave Own or family member’s serious health condition: only when Best medically necessary Practice Family Leave • Bonding: only if the employer and employee mutually agree • Qualifying exigency: when requested Add your minimum intermitt
Slide 18: What is the reconsideration/appeals process?
What is the reconsideration/appeals process? Decision Individual can issued Appeal to Superior Court appeal to DOL or motion to reopen @ DOL Reasonable Decision 21 Days Promptness 30 Days State Plan Appeal Employee may also appeal to the state Decision 10+ Days Decision issued Private Plan* Individu
Slide 19: Roles and responsibilities
Roles and responsibilities CT DOL and Employers Individuals Plan Administrators PFML Authority • PFML Insurance Authority can impose penalties • Provide notices regarding the CT PFML to new • Notify employer about upcoming leave • CT PFML state plan administrator is Aflac and fines as appropriate if
Slide 20: Tools, resources and contacts
Tools, resources and contacts Tools and Resources Contacts Helpful Links: Tony Dulgerian, Esq. CT Paid Leave Authority (PFMLA)| Home | Official Site Senior Counsel Legal Affairs, MetLife CT Paid Leave Human Resources Toolkit Paid Family Medical Leave (metlife.com) Gina Rutledge, MA, CLU Manager, PFM
Slide 21: Like most group benefit programs, benefit programs offered by MetLife contain certain exclusions, exceptions,
Like most group benefit programs, benefit programs offered by MetLife contain certain exclusions, exceptions, waiting periods, reductions, limitations, and terms for keeping them in force. Ask your MetLife group representative for costs and complete details. For Producer or Broker/Dealer Use Only. N