Section 78 DFML Administrative Cost Calculation Adjustment
Subsection (b) of section 7 of said chapter 175M, as so appearing, is hereby amended by striking out the first sentence and inserting in place thereof the following sentence:- The costs of administering the department under this chapter shall be paid from the trust fund and in each fiscal year shall not exceed 5 per cent of the amount remaining in the fund at the end of the previous fiscal year; provided that, regardless of the trust fund balance at the end of a fiscal year, in no fiscal year shall the amount available to the director for administering the department decrease by more than 5 per cent from the previous year.
Summary
This section adjusts the amount the Department of Family and Medical Leave can retain for administrative costs by changing the cap on DFML's administrative funding to 5% of the balance in the trust fund.