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Can I offer unlimited vacation time to my employees in Colorado? What are the requirements?
According to the regulations concerning benefits and employer participation requirements in Colorado, there are no specific requirements regarding vacation time. However, employers must comply with the Paid Family and Medical Leave Insurance Act and its implementing regulations.
Paid Family and Medical Leave Insurance Act
The Paid Family and Medical Leave Insurance Act (FAMLI) provides wage replacement benefits to eligible employees who take leave for qualifying reasons. Employers, including local government employers that decline participation in the FAMLI program, and employers who meet their obligations under the FAMLI Act through an approved private plan, must register with the FAMLI Division via “MyFAMLI+ Employer” by January 1, 2023, or when they become an employer, whichever occurs later [1.1], Section 3.3.1]. Employers must submit wage reports to the Division on the same quarterly schedule as they must submit premiums to the Division pursuant to 7 CCR 1107-1 [1.1], Section 3.3.2].
Conclusion
In summary, there are no specific requirements regarding vacation time in Colorado. However, employers must comply with the Paid Family and Medical Leave Insurance Act and its implementing regulations.
Source(s):
Jurisdiction
Colorado