Signed by Governor Jared Polis

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that establishes 12 additional weeks for families of infants that have to stay in the neonatal intensive care unit in Colorado.

Highlights:

• Extends the duration of paid family and medical leave, up to an additional 12 weeks, for a parent who has a child receiving inpatient care in a neonatal intensive care unit (Sec. 1-2).

• Amends ​​the premiums financing the payment of program benefits by extending the current premium amount, 0.9% of wages per employee, through 2025 and setting the premium amount for the 2026 calendar year at 0.88% of wages per employee (Sec. 1-2).

• Requires For each subsequent calendar year, the director of the division of family and medical leave insurance (director) in the Department of Labor and Employment (department) is required set the premium on or before September 1 of the preceding year (Sec. 1-2).

• Specifies that the director is required to set the premium in a manner such that (Sec. 1-2):

• At the end of the year, the balance of the family and medical leave insurance fund (fund) is not less than 6 months' worth of projected expenditures from the fund required for the performance of the functions and duties of the director;

• The volatility of the premium rate is minimized; and

• The premium amount does not exceed 1.2% of wages per employee.

• Specifies that the provisions of this bill shall take effect 90 days following the final adjournment date of the current legislative session (Sec. 3).

Full Bill Text

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes 12 additional weeks for families of infants who have to stay in the neonatal intensive care unit in Colorado.

Highlights:

• Extends the duration of paid family and medical leave, up to an additional 12 weeks, for a parent who has a child receiving inpatient care in a neonatal intensive care unit (Sec. 1-2).

• Amends ​​the premiums financing the payment of program benefits by extending the current premium amount, 0.9% of wages per employee, through 2025 and setting the premium amount for the 2026 calendar year at 0.88% of wages per employee (Sec. 1-2).

• Requires For each subsequent calendar year, the director of the division of family and medical leave insurance (director) in the Department of Labor and Employment (department) is required set the premium on or before September 1 of the preceding year (Sec. 1-2).

• Specifies that the director is required to set the premium in a manner such that (Sec. 1-2):

• At the end of the year, the balance of the family and medical leave insurance fund (fund) is not less than 6 months' worth of projected expenditures from the fund required for the performance of the functions and duties of the director;

• The volatility of the premium rate is minimized; and

• The premium amount does not exceed 1.2% of wages per employee.

• Specifies that the provisions of this bill shall take effect 90 days following the final adjournment date of the current legislative session (Sec. 3).

Full Bill Text