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On June 14, 2021, Governor Jared Polis signed the SB 51 legislative bill regarding a loan from the general fund to the division of Family and Medical Leave insurance to implement the state’s paid family and medical leave program.

The bill requires the state treasurer to transfer $1,500,000 from the general fund to the family and leave insurance fund for the purpose of defraying expenses incurred by the family and leave medical leave insurance (division) before it receives premium revenue or revenue bond proceeds. The transfer is a loan from the state treasurer to the division that is required to be repaid and is not a grant for purposes of the state constitution or any other state law. The division is required to repay the loan and accumulated interest by December 31, 2023.

How does this affect employers?

This fund is used to assist in reimbursing employers who pay family and medical leave insurance benefits directly to employees. This money could also be used to pay benefits and to administer the program, including technology costs to administer the program and outreach services.

Please contact your CCC Account Executive if you have any additional questions, comments, and concerns.


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