Employee Benefits Coming in January
As we head into the winter break, and begin planning for next year, it is a good moment to recap some of the benefits activating for employees in January. The university remains committed to goal 5 of the Strategic Plan.
In November 2020, Colorado voters passed Proposition 118, approving the creation of the Paid Family and Medical Leave Insurance (FAMLI) program. This social insurance program provides all Colorado workers a portion of their weekly salary for up to 12 weeks of leave to care for themselves or their families, with an additional four weeks leave for pregnancy or childbirth complications. FAMLI aims to ensure that Coloradoans don't have to choose between earning a paycheck or caring for themselves or their family in a time of need.
In-state faculty and university staff will see an after-tax deduction in their paychecks starting Jan. 1, 2023, totaling 0.45% of their annual wages. CU will also pay 0.45%, totaling 0.9% of your yearly pay (up to the Federal Social Security wage cap). Classified staff employees will not contribute n 2023, as the state requires CU to pay classified staff employee premiums.