The people of the state of Colorado hereby find and declare that:
(1) Workers in Colorado experience a variety of personal and family caregiving obligations,
but it can be difficult or impossible to adequately respond to those needs without
access to paid leave.
(2) Access to paid family and medical leave insurance helps employers in Colorado
by reducing turnover, recruiting workers, and promoting a healthy business climate,
while also ensuring that smaller employers can compete with larger employers by providing
paid leave benefits to their workers through an affordable insurance program.
(3) Paid family and medical leave insurance will also provide a necessary safety net
for all Colorado workers when they have personal or family caregiving needs, including
low-income workers living paycheck to paycheck who are disproportionately more likely
to lack access to paid leave and least able to afford unpaid leave.
(4) Due to the need to provide paid time off to Colorado workers to address family
and medical needs, such as the arrival of a new child, military family needs, and
a personal or a family member’s serious health condition, including the effects of
domestic violence and sexual assault, it is necessary to create a statewide paid family
and medical leave insurance enterprise and to authorize the enterprise to:
(a) Collect insurance premiums from employers and employees at rates reasonably calculated
to defray the costs of providing the program’s leave benefits to workers; and
(b) Receive and expend revenues generated by the premiums and other moneys, issue
revenue bonds and other obligations, expend revenues generated by the premiums to
pay family and medical leave insurance benefits and associated administrative and
program costs, and exercise other powers necessary and appropriate to carry out its
(5) The fiscal approach of this part 5 has been informed by the experience of other
state family and medical leave insurance programs, modeling based on the Colorado
workforce, and input from a variety of stakeholders in Colorado.
(6) The creation of a statewide paid family and medical leave insurance enterprise
is in the public interest and will promote the health, safety, and welfare of all
Coloradans, while also encouraging an entrepreneurial atmosphere and economic growth.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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