Colorado Paid Family and Medical Leave Insurance Program

by | Oct 10, 2022 | General Finance | 0 comments

What is FAMLI?

The FAMLI program will ensure all Colorado workers have access to paid leave in order to take care of themselves or their family during life circumstances that pull them away from their jobs — like growing their family or taking care of a loved one with a serious health condition. Eligible employees will receive up to twelve weeks of leave. FAMLI will start providing benefits to employees beginning January 1, 2024.

What are Your Employer Responsibilities?

  • Employers and their employees are both responsible for funding the program and may split the cost 50/50. The premiums are set to 0.9% of the employee’s wage, with .45% paid by the employer and .45% paid by the employee.
  • Employers with nine or fewer employees do not have to contribute to the program, but do need to remit their employees’ share (.45%) of premium payments each quarter.
  • Employers may also elect to pay the full amount if they choose to offer this as an added perk for their employees.
  • Employers with nine or fewer employees do not have to contribute to the program, but do need to remit their employees’ share (.45%) of premium payments on behalf each quarter. This can be done through a simple payroll deduction.
  • Employers who offer their own paid leave program may apply for an exemption.
  •  Reach out to your HR Specialist – Beginning in Fall 2022, you will want to begin incorporating language into employee manuals regarding premium deductions. Beginning in Fall 2023, you will want to adopt clear guidance and communications to employees around FAMLI benefits.

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