Voya Financial Pushes Employers to Bolster Paid Leave Benefits Amid State Program Gaps — Voya Financial, Inc.

Event summary

Voya Financial released a white paper on July 6, 2026, highlighting gaps in state-based paid family and medical leave (PFML) programs.
The report argues that employer-sponsored supplemental disability income insurance is essential to fill financial protection gaps during leaves.
Survey data shows 62% of employees who took leave trusted their employers more afterward, with 90% likely to recommend the benefits.
Voya positions itself as a provider of integrated benefits solutions for employers navigating PFML complexities.

The big picture

Voya's report comes as more states implement PFML programs, creating a patchwork of benefits that often leave employees financially vulnerable. The company positions itself as a solutions provider for employers navigating this complex landscape, framing financial protection during leaves as both an ethical imperative and business advantage. With 18 million customer relationships, Voya has significant scale to influence employer benefit strategies.

What we're watching

Regulatory Dynamics: How state-level PFML program expansions will pressure employers to enhance voluntary benefits.
Competitive Positioning: Whether Voya can differentiate itself in the crowded employee benefits space through integrated solutions.
Adoption Trends: The pace at which employers adopt supplemental disability income insurance alongside state PFML programs.