Minimum Wage Colorado 2021, 2020 State Minimum Wage Updates Govdocs

14 by the state department of labor and employment.

Minimum wage illinois chicago. The denver colorado minimum wage for instance is 1285 per hour and will increase to 1477 an hour on jan. Therefore based upon current information covered employers in colorado will have to pay their employees the higher value of 1200 per hour under colorado law beginning january 1 2020. Colorados hourly minimum wage would rise to 1232 from 12 on jan.

Colorados tipped minimum wage is set at 302 less than the regular minimum wage. The minimum wage applies to most employees in colorado with limited exceptions including tipped employees some student workers and other exempt occupations. 1 2022 and yearly increases based on the consumer price index after 2022.

Keep in mind that counties cities and towns may have their own minimum wage laws. January 1 2021 77885 per week 40500 per year january 1 2022 86538 per week 45000 per year january 1 2023 96154 per week 50000 per year january 1 2024 105769 per week 55000 per year january 1 2025 the 2024 salary adjusted by the same consumer price index as the colorado minimum wage. 1 under a proposal issued sept.

Denver the colorado department of labor and employments cdle division of labor standards and statistics dlss announced today the proposed new colorado minimum wage currently at 1200 will adjust for inflation on january 1 2021 to 1232 as required by the colorado constitution. In 2006 colorado voters approved a ballot measure tying the annual minimum wage to inflation except. The colorado minimum wage was last changed in 2008 when it was.

Colorados state minimum wage rate is 1200 per hourthis is greater than the federal minimum wage of 725. The current colorado minimum wage from 2016 2020 is set by amendment 70 to the colorado constitution. Denver is the first to set a minimum wage above the state standard raising it to 1285 in 2020 1477 in 2021 and 1587 the following year.

Colorado employers must pay the higher of the state or federal thresholds in order to retain their employees overtime exemptions ie you may need to pay the colorado minimum after jan. It established an annual increase in the colorado minimum wage each year until 2021 when the minimum wage becomes tied to the cpi. Colorado minimum wage is set by the state constitution for both tipped and non tipped employees.

1477 effective 1 1 2021 1587 effective 1 1 2022 annual indexing beginning 1 1 2023. You are entitled to be paid the higher state minimum wage.