This bill proposes the repeal of the Minnesota Paid Leave Law, specifically eliminating sections 268B.001 through 268B.30 from Minnesota Statutes 2024, which govern paid leave benefits in the state. It mandates the transfer of any unspent funds from the family medical leave account to the general fund, effective July 1, 2025. The bill also establishes a new Family and Medical Benefit Insurance Program, administered by the commissioner, which includes detailed definitions, eligibility requirements, and application processes for benefits. Key provisions include the creation of a dedicated insurance division, weekly benefit payments, and specific guidelines for claims based on qualifying events.

Additionally, the bill introduces amendments to existing laws regarding eligibility criteria, application processes, and appeals related to family and medical leave benefits. It emphasizes employee protections against employer retaliation, outlines requirements for private plans, and establishes a framework for premium payments and overpayment repayments. The legislation aims to streamline the administration of family and medical leave benefits while ensuring compliance with tax obligations and enhancing accountability for both applicants and employers. Overall, the bill seeks to create a more structured and equitable framework for family and medical leave in Minnesota.