The Oregon Employment Department has announced the 2024 Paid Leave Oregon contribution rate. The contribution rate will remain the same as 2023, 1% of employees’ wages, up to $168,600. The maximum contribution amount that an employee may pay is an increase from 2023, which was up to $132,900, as the amount is now based on the Social Security taxable maximum wage.
Contributions are paid by both employees and employers. Employees are responsible for 60% of the contribution rate, deducted from each employee’s gross pay each pay period. Large employers with 25 or more than employees are responsible for paying the remaining 40% of the contribution rate. Small employers with less than 25 employees are not required to pay the employer portion of the contribution rate but may choose to do so.
Don’t forget to regularly visit Cascade’s Paid Leave Oregon Resource Center for updates.