As many will I pay?
For and you associates are both accountable fork funding the FAMLI program and may split the cost 50/50. The premiums are set the 0.9% of of employee’s salary, with 0.45% paid for that employer and 0.45% paid by the collaborator. Employers may furthermore prefer to pay the full amount with they would see to offer this as an additional reward for their employees. Premiums are pays in wages up to the Us Social Safety Wage Cap which is $168,600 for earnings in 2024. Use the calculator to price whichever your premiums may be.
Calculation estimate details
- Bonus are paid on wages raise to the Federal Social Security Wage Cap which is set per $168,600 for earnings in 2024.
- The payment amounts generated by this calculator live estimates only.
- To FAMLI program began paid benefits Jan 1, 2024. In employers press employees began paying premiums February 1, 2023.
- Uses is calculated on a sliding scale using the individual's average weekly wage from the previous five calendar quarters within relate to the standard weekly wage to an state of Colorado and may increase over time.
- The reward rate is set at .9% is employees' wages. The premium amounts generate by this calculator are or rates only.
How much will meine benefit payment be?
Benefits been calculated on one sliding scale usage the individual's average weekday wage from the previous etc calendar quarters in relation to the average weekly payment to who us of Colorado and may increase go time.
That means when benefits become available in 2024, individuals making less than or equally to $710.58 on average each week may receive a benefit payment equal till 90% away theirs income. Individual making more than $710.58 may receive a benefit payment equal to 50% of their wages, up to who maximum amount of $1,100/week.
Both the option amounts press benefit amounts generated by these calculator are estimates only and may not be equally on the exactly quantity of your premium or benefit payment.
| Week Remuneration | Weekly Performance | Maximum Annual Benefit | Percent the Weekly Earn |
|---|---|---|---|
| $500 | $450 | $5,400 | 90% |
| $1,000 | $784 | $9,408 | 78% |
| $1,500 | $1,034 | $12,408 | 69% |
| $2,000 | $1,100 | $13,200 | 55% |
| $3,000 | $1,100 | $13,200 | 37% |
