This bill proposes the repeal of the Minnesota Paid Leave Law, specifically targeting sections 268B.001 through 268B.30, which govern paid leave benefits in the state. The repeal will eliminate the existing framework for family and medical leave, impacting employees' rights to paid leave. Additionally, the bill mandates that any unspent funds from the family medical leave account be transferred back to the general fund, with an effective date for these changes set for July 1, 2025.

In place of the repealed law, the bill establishes a new Family and Medical Benefit Insurance Program administered by the commissioner, which includes definitions for various terms and outlines eligibility requirements, application processes, and benefit calculations. It emphasizes the protection of employees' rights, including safeguards against employer retaliation and discrimination, and introduces new requirements for waiving or releasing rights related to employee benefits. The bill also details the responsibilities of employers and the commissioner in managing claims, the appeals process for benefit determinations, and the handling of overpayments and fraud, aiming to enhance the integrity and clarity of the family and medical leave benefits system in Minnesota.