Colorado’s New Paid Family and Medical Leave Law: What Employers Need to Know
By EsqSocial Corporation 09/02/21
Joining just a handful of other states with similar laws, Colorado voters approved a ballot initiative in the November 2020 election—Proposition 118—creating a state-run insurance program that will provide paid family and medical leave to employees in the state. The program will be funded through a new payroll tax split evenly between employers and employees, with the tax initially set at 0.9% of an employee’s wages (up to an applicable limit discussed below). Employers and employees will begin...
By: Holland & Hart - Employers' Lawyers