Effective January 1, 2024, the full benefits of the Colorado Paid Family and Medical Leave Insurance (FAMLI) Act officially became available. (Premium contributions for the plan began January 1, 2023.) Key FAMLI Act Features Covered Colorado workers can receive up to 12 weeks of paid leave per calendar year without the risk of losing their […]
A severance agreement is essentially a contract between an employer and an employee that outlines the terms and responsibilities for both parties, as well as the potential compensation package that would come into play if an employee loses their job through a layoff or other situation. Typically, severance agreements cover wages, COBRA insurance extended coverage, […]
The Colorado Protecting Opportunities and Workers’ Rights Act (POWR) was signed into law on June 6, 2023 and takes effect on August 7, 2023. The new law makes several important changes to employment and harassment laws by redefining the standard for harassment claims, tightening requirements on non-disclosure agreements, protects marital status and enacts new requirements […]
As of January 1, 2023, Colorado joined a growing list of states requiring employers to sponsor a qualified retirement savings plan or to participate in a state-sponsored program. Known as the Colorado SecureSavings Program, the law requires all private-sector employers with five or more employees to comply. The final deadline for compliance is June 30, […]
On August 10, 2022, Colorado House Bill 22-1317 amended the state’s existing non-compete law by tightening restrictions on employers and increasing potential penalties. Essentially, Colorado tightened up its prohibition on the use of non-compete and non-solicitation agreements, by more clearly and narrowly defining the exceptions and creating more liability for employers who violate the statute. […]
Every new year brings change to Colorado’s employment laws and rules, and 2023 has already brought exciting headlines for minimum wage earners and private employees. Below are four of the biggest 2023 employment law updates that employers need to know about: Minimum Wage Increase Beginning January 1, the state increased the hourly minimum wage by […]
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