In just five months, every private employer in Colorado will begin paying into a new system that will provide workers, beginning in 2024, up to 12 weeks each year of partially paid leave for major life health events. And business leaders are getting antsy to see how it will work.
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Loren Furman, president/CEO of the Colorado Chamber of Commerce, said that the biggest concern regards the lack of rules so far around what will be necessary in a private plan for employers to opt-out of the state plan. The recent memo saying that CDLE is working on those requirements but that employers must pay money to the state while they are being developed did not seem to alleviate a lot of fears, she said.
Read the complete article by Ed Sealover in the Denver Business Journal.