WA SB6140

Requires the commissioner to reduce weekly paid family and medical leave benefits, including the maximum weekly benefit amount, if the calculated premium rate would exceed 1.2 percent

Authorizes the commissioner to reduce weekly benefits at any time using actuarial principles to prevent the family and medical leave insurance account balance from falling below a specific threshold during any 12-month period

Maintains solvency protections for the paid family and medical leave program without increasing the maximum premium rate cap or contribution rates paid by employers and employees

Takes effect January 1, 2027