ESD warns paid‑leave program faces long‑term deficits without policy changes
Employment Security Department presenters told lawmakers updated actuarial modeling shows Washington’s paid family and medical leave program will hit the 1.2% premium cap and is projected to enter sustained deficits around 2029; ESD will publish a Nov. 1 report modeling multiple policy levers but will not recommend specific changes.
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The Employment Security Department gave the committee a solvency and integrity update on Washington’s Paid Family and Medical Leave program and previewed an actuarial menu of policy options that will be published in a final report on Nov. 1, 2026.
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