CO SB046

Amends Colorado Revised Statutes 8-13.3-506 to change how weekly benefit amounts are calculated for paid family and medical leave by basing calculations on total earnings from all jobs during the base period or alternative base period, rather than only current employment at the time of leave.

Removes language restricting benefit calculations to earnings "from the job or jobs from which the covered individual is taking paid family and medical leave" to allow inclusion of wages from previous jobs held during the eligibility period.

Clarifies that covered individuals continuing to work at additional jobs during leave will not have those additional job earnings included in benefit calculations.

Allows covered individuals with multiple jobs to elect whether to take leave from one job or multiple jobs.

Promotes job mobility and entrepreneurship by ensuring benefits reflect recent cumulative earnings history rather than being tied to a specific position, and aligns the paid family and medical leave program with benefit calculation methods under the Colorado Employment Security Act.