The paid leave program will cover full-time and part-time employees. There will be no exemptions for small businesses. And to take advantage of the program, you only have to have been employed by the company for six months (advocates had been negotiating for four weeks, but six months is still half the time required by FMLA). The program will be funded on an insurance model, in which roughly a dollar a week will be deducted from employee paychecks; there is no employer contribution.

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What’s more, women and men will be entitled to paid leave. For both straight and same-sex two-parent households, this benefit could have a big impact on family finances and health, according to Dina Bakst, a lawyer and founder of A Better Balance, a legal advocacy group for working families. “It’s possible that parents could stagger their leaves,” she said, “which is crucial because infant care is so unaffordable and inaccessible. It would make a real difference to be able to hold off on putting a baby in day care until they are four or five or six months old, as opposed to four weeks old.”

Read more at New York Magazine. Some (admittedly quick) fact-checking indicates this is not an April Fools’ piece.