For 2025, per the Department of Financial Services, the PFL payroll contribution rate will be 0.388% of an employee's weekly wage and is capped at an annual maximum of $354.53. Employees earning less than the New York State Average Weekly Wage ($1,757.19 per week) will have an annual contribution amount less than the cap of $354.53, consistent with their actual weekly wages.
NYSIF remains guided by its mission of guaranteeing the availability of worker’s compensation and disability insurance to New York State employers and employees. Achieving that mission in light of climate change now requires ensuring the long-term security of our investment portfolio through aggressive net zero action. As an insurer and asset owner, NYSIF is uniquely positioned to decarbonize investments, finance green solutions, and collaborate with business partners to drive positive change in the communities where we work.
ESG Investing: Impact on the Real Economy
New Market Opportunities
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Is the estimated $8.4 trillion of ESG investment assets having a measurable impact on climate change and the overall economy? Panelists included experts from Nuveen and the Ford Foundation. (6/8/23)
This panel discusses how emerging markets and climate change are creating opportunities for investors. (2/23/23)
Climate Action Panel
Committed to Sustainability
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This panel of global investors included professionals from NYSIF, the Rockefeller Foundation & UPenn, J.O. Hambro Capital Management and One Concern. (1/19/23)
This thoughtful conversation included professionals from NYSIF, Department of Environmental Conservation, New York Power Authority & Columbia University. (11/18/22)
NYSIF ESG Events, Reports & News
NYSIF Publications
New York State Insurance Fund Publications
Bloomberg ESG Currents Podcast: Aiming for a Net Zero Investment Portfolio by 2040 with NYSIF's Rajith Sebastian (April 24, 2024)
ESG Investing's Impact on the Real Economy [BIOS] [VIDEO] (June 8, 2023)
Climate Change: New Market Opportunities [VIDEO] (February 23, 2023)
