Disability benefits policyholders must submit a payroll report within 30 days after the end of the payroll period (annually, semi-annually or quarterly) to verify the actual number of employees and capped wages for the period. NYSIF adjusts premium to reflect the difference between estimated and actual wages. Minimize premium adjustments by accurately estimating payroll at the beginning of the payroll period.
Disability benefits policyholders receive payroll report forms in the mail, or may log on to their NYSIF account to submit a payroll report online. Failure to submit a timely payroll report will result in a 50 percent payroll adjustment added to the estimated premium, subject to revision when payroll is reported.
If you have not received a notice to report payroll by the end of your policy period, call 1-866-NYSIFDB (697-4332).