Workers' pay to fund care program
Last updated 8/5/2021 at 10:26am
There was some good news recently coming out of a meeting concerning a 2019 law creating a state-run, long-term-care program to be funded through workers’ paychecks starting in January.
In case you’re not in the loop, a payroll tax of 58 cents per $100, with no income cap, begins Jan. 1 to fund the Washington Cares Fund.
Statutory employees earning $50,000 a year will pay $290 annually, those who make $100,000 will contribute $580 each year, and so on. Some workers who pay in for a set number of years will one day be eligible for a lifetime long-term-care benefit of $36,500, should th...
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