Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Colorado Supreme Court Strikes Down Employer's Vacation Forfeiture Policies|
Jackson Lewis P.C.
June 30, 2021
"This decision has ramifications for many employers with Colorado employees and resolves a conflict between the Colorado Court of Appeals, which had concluded that such vacation forfeiture provisions were permissible, and the Colorado Department of Labor and Employment (CDLE), whose informal guidelines explicitly prohibit forfeiture agreements that diminish an employee's earned vacation time." [Nieto v. Clark's Market, No. 19SC553 (Col. Jun. 14, 2021)]
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