Colorado’s minimum wage is set to increase by more than a dollar in 2023.
The minimum wage will go from $12.56 per hour to $13.65 an hour, an almost 9% increase.
The increase is thanks to a voter-approved mandate in the Colorado Constitution that requires annually adjusting the minimum wage for inflation.
Local governments are still able to set higher minimum wage than the state standard.
The new minimum wage will take effect on January 1st.
Most Colorado workers are going to see some 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 1, 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%.
Changes are coming to your local grocery store in the new year. Starting January 1st, the state of Colorado will prohibit the sale of eggs that are not cage-free.
All eggs sold at grocery stores will be required to come from cage-free hens. That means Colorado egg producers need to make the required changes.
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