FAMLI Deductions Begin Next Month

Beginning on January 1, 2023, Colorado employers will be required to start withholding .45% of their employees' wages to contribute to the new Family and Medical Leave Insurance (FAMLI) program. Employers with more than 10 employees will also contribute .45% of wages to the program. The funds will be used, beginning in 2024, to pay employees for leave taken for the birth or adoption of a child or for caring for a family member with an illness, or other approved uses. The employer portal is open for enrollment now and it's recommended to get the account set up as soon as possible so you're ready for the payroll deductions beginning next month. Self-employed individuals are not required to participate in the program but may do so if they wish. Visit famli.colorado.gov to set up the portal or for more information.