CO HB1104

Postpones the implementation of Colorado's paid family and medical leave insurance program by one year, from January 1, 2024, to January 1, 2025.

Requires the division of paid family and medical leave insurance to credit employers for premiums paid between January 1, 2023, and March 31, 2023, as an offset against premiums owed starting January 1, 2024.

Changes the maximum weekly benefit cap from $1,100 to 90 percent of the state average weekly wage, effective for paid family and medical leave beginning January 1, 2026, and thereafter.

Adjusts premium payment schedule so employers remit premiums from January 1, 2023, through March 31, 2023, and again from January 1, 2024, through December 31, 2025, at nine-tenths of one percent of wages per employee.

Extends related deadlines for the division to repay borrowed funds (to December 31, 2024) and submit annual program reports to the legislature (beginning January 1, 2026).