By Chuck White, Vice President of Regulatory Affairs
To help support workers during the pandemic, Emergency Family Medical Leave (EFML) and Emergency Paid Sick Leave (EPSL) programs were instituted. Originally mandatory for small businesses, these benefits were extended into 2021 as a voluntary program. Employers would be reimbursed by the federal government for limited payroll expenses that allowed workers to be paid to stay home and avoid spreading COVID-19.
The reimbursement program expired on Sept. 30, 2021. Employers may choose to continue to pay employees for time off related to the pandemic but will no longer receive federal reimbursement for those wages.
The Employee Retention Credit program remains in effect through Dec. 31, 2021, to provide financial relief for businesses with reduced quarterly sales.
Employers should consult with their financial professionals to be sure they are utilizing all programs that they are entitled to.
Vice President of Regulatory Affairs , PHCC-National Association