This bill proposes the repeal of the Minnesota Paid Leave Law, which includes the elimination of sections 268B.001 through 268B.30 of Minnesota Statutes that govern paid leave benefits. It mandates the transfer of unspent funds from the family medical leave account to the general fund, redirecting these resources as the program is dismantled. The effective date for both the repeal and the fund transfer is set for July 1, 2025, allowing for a transition period that may affect individuals relying on these benefits.

In place of the repealed law, the bill establishes a new Family and Medical Benefit Insurance Program, administered by the commissioner, which includes updated eligibility criteria, application processes, and benefit calculations. It introduces a Family and Medical Benefit Insurance Division, outlines the requirements for private plans, and enhances employee protections against employer retaliation for taking leave. The bill also details the appeals process for denied claims, the repayment of overpaid benefits, and the collection of amounts due under the new program, aiming to create a more structured and equitable framework for family and medical leave benefits in Minnesota.