ShelterPoint Life Insurance Company has created an expert educational panel that will be discussing the impact of New York State’s Paid Family Leave (PFL) mandate on employers, employees, and the business community. The first discussion, titled, “What is Paid Family Leave (PFL)? What does it mean for employers and employees?” took place on Wednesday, July 12, 2017. “The creation of this cross-disciplinary event stems from ShelterPoint Life’s foundational belief that we have a responsibility to simplify the process and educational curve of this new law for employers and employees,” stated Brian Dunham, Chief Actuary of ShelterPoint. “With a deep understanding of the PFL mandate, this panel will educate attendees on the impact of PFL on all stakeholders to help ease the transition and reduce the uncertainty as we move toward the January 1, 2018, implementation date.” Panel participants included leadership from ShelterPoint Life (New York’s largest DBL carrier, based on 2015’s DB-680 reports) and the Society of Human Resource Management (SHRM), as well as legal subject matter experts from Jackson Lewis PC and Genser, Dubow, Genser & Cona LLP. Panelists delved into topics such as how to mitigate risk regardless of a business’ number of employees; how to address compliance considerations and protect both business and employee interests; how to best prepare for the mandate and understand the law’s financial and administrative burdens; and how the law may impact business operations.
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