Image from Shutterstock
As companies continue to navigate the impact from COVID on their employees and their businesses, one area that has had the biggest impact and review is employee leave.
Beginning on January 1, 2023, the State of Colorado will roll out a Family and Medical Leave Insurance (FAMLI) Program that will be funded from taxes deducted from employee paychecks. This program will ensure that all Colorado workers have access to paid leave to take care of their own health or a family member with a health issue.
The total tax is 0.9% of an employee’s wage, with .45% paid by the employee and .45% paid by the employer. These deductions are slated to begin with the first payroll paid in 2023.
Colorado employees will be able to apply for FAMLI leave in the last quarter of 2023 with benefits beginning on January 1, 2024.
Employers will need to:
- Register their businesses with the Colorado Department of Labor and Employment.
- Work with their payroll vendors to ensure that this tax deduction is set up for employees that work in Colorado.
To learn more about the FAMLI program and for required posters and notifications please visit: https://famli.colorado.gov/
Emily Moyers, Employee Services Consultant at OMNI Human Resource Management, came to OMNI with over 10 years of Human Resources experience in payroll, benefits, employee services, and more. In her role at OMNI, she serves clients and their employees with all payroll and benefits related inquires. Previously, Emily worked for an essential mineral company as a Payroll and Benefits Analyst and as an HR Analyst. Emily is a graduate of Kansas State University. Outside of work, she enjoys spending time with her family, attending her kids’ sports and activities, reading, and being outdoors.
