The bill creates the family and medical leave insurance (FAMLI) program and the division of family and medical leave insurance (division) in the department of labor and employment to provide partial wage replacement benefits to an eligible individual who takes leave from work:
- To care for a new child or a family member with a serious health condition;
- Because the eligible individual is unable to work due to the individual’s own serious health condition or because the individual or a family member is the victim of abusive behavior; or
- Due to certain needs arising from a family member’s active duty service.
Each employee and employer in the state will pay one-half the cost of a premium as specified in the bill, which premium is based on a percentage of the employee’s yearly wages. The premiums are deposited into the family and medical leave insurance fund, and family and medical leave benefits are paid to eligible individuals from the fund. The division is established as an enterprise, and premiums paid into the fund are not considered state revenues for purposes of the taxpayer’s bill of rights (TABOR).