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HB22-1305

Paid Family Medical Leave Premium Reduction

Concerning a temporary reduction of the premium an employer must pay for each of its employees for the purposes of the "Paid Family and Medical Leave Insurance Act".
Session:
2022 Regular Session
Subjects:
Health Care & Health Insurance
Labor & Employment
Bill Summary

The bill reduces the premium paid by employers for the state's paid family and medical leave program, starting January 1, 2023, through June 30, 2023, from nine-tenths of 1% of wages per employee to eighty-one hundredths of 1% of wages per employee.

The bill requires the state treasurer to transfer $57.5 million from the general fund to the family and medical leave insurance fund.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Lost

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Bill Text

Email addresses for the Colorado legislature are changing from the @state.co.us domain to the @coleg.gov domain on December 1, 2022. Details