GA HB1318

Requires the Georgia Department of Labor to contract with a qualified third-party actuary by October 1, 2026, to conduct an actuarial study evaluating a state-based paid family and medical leave insurance program

Study must analyze program costs including start-up expenses, administration, outreach, premium contributions needed for 5-10 year solvency, and compare at least two different program models with shared employer-employee contributions (50/50 split)

Program parameters to be studied include 12+ weeks of annual leave, wage replacement at 90% for lower earners and 66% for higher earners, coverage for bonding with new children, caring for family members with serious health conditions, personal medical issues, and military family needs

Actuarial study must be completed by January 15, 2027, shared with the Governor and legislative leadership, and published on the Department of Labor website by February 15, 2027

Act becomes effective only upon appropriation of funds and automatically repeals on June 30, 2027