Expect Changes to Your Paycheck in 2023 Due to Colorado’s New ‘FAMLI Program’

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Most Colorado workers are going to see changes in their paychecks next year as the state rolls out the voter-approved paid Family and Medical Leave Insurance, or “FAMLI”, program to expand access to paid family leave.

On January 1st, 2023, employers and employees will both start contributing to the new FAMLI program. Using payroll deductions, employers and employees will contribute to the fund that will eventually provide Coloradans wage replacement benefits during life circumstances that pull them away from their jobs.   

While payroll deductions begin in 2023, FAMLI benefit payments will not be available until 2024.   

Premiums are set to .9% of the employee’s wage. Premiums may be adjusted in the future but are capped by law at 1.2%.       

Dan R