Having just come back from 4 weeks of paid family leave, I thought I would write a post with some details about this paternity leave. Males, in the great state of California, in most circumstances, you get paid for 6 weeks of bonding time with a newborn baby! Here are some details, caveats, and pointers.
- Six weeks of paid leave, must begin with 1 week of unpaid leave.
- Max of 55% of salary, up to a max cap of $1075/week (per CA EDD pdf) This means if you earn more than $101,000 a year, you still earn at most $1075/week.
- Do NOT have to use it all in one go. For example, I took 3 weeks when the baby was born, and then 4 weeks just prior to my child's 1st birthday.
- Use it or lose it by 1st birthday of the child
- Federally taxable
- CA state tax-free
- Note: You funded this benefit through paycheck deductions already. Look for CA SDI. Sad, there is no free lunch. More on this below.
- Some companies fill out the forms for you and can even direct deposit to your usual checking account, while others will require you to fill out the forms and give you a loaded debit card. Currently, the funds are placed in Bank of America (BoA) branded debit card. Note that without an account at BoA, we were limited to withdrawing $1000 at a time at a BoA branch. However, we were able to withdraw and deposit the entire amount at a Wells Fargo branch.
- Check the CA EDD website here.
- Check the EDD debit card website here.
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