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Colorado Passes Paid Family and Medical Leave Insurance Program
Fisher Phillips
[Guidance Overview] Nov. 5, 2020 "This initiative mandates that employers provide 12 weeks of leave for Colorado employees, plus an additional four weeks in case of medical complications.... Beginning January 1, 2024, an employee can take paid family and medical leave, and receive family and medical leave insurance benefits while taking leave.... Beginning January 1, 2023, each employer must remit a payroll tax to the fund to provide for these benefits with the tax being paid 50/50 by the employer and employee. From January 1, 2023 to December 31, 2024, the total payroll tax amount is 0.9%." |
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