What Is Minimum Wage In Colorado 2021, Department Of Labor And Employment To Hold Rulemaking On Minimum Wage Increase News Coloradopolitics Com

1 2021 1587 an hour on jan.

Legalization of marijuana in the philippines. 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. 1 2022 and yearly increases based on the consumer price index after 2022. Federal minimum wage is currently 725 per hour which is lower than the 2020 colorado state minimum wage of 1200.

1020 effective january 1 2018 1110 effective january 1 2019 1200 effective january 1 2020 annual indexing beginning january 1 2021. You are entitled to be paid the higher state minimum wage. The minimum wage in colorado is 930.

Colorados state minimum wage rate is 1200 per hourthis is greater than the federal minimum wage of 725. It established an annual increase in the colorado minimum wage each year until 2021 when the minimum wage becomes tied to the cpi. On september 14 2020 the colorado department of labor and employments announced the proposed new colorado minimum wage for 2021.

The colorado minimum wage was last changed in 2008 when it was. Under the proposed minimum wage colorados state minimum wage would be adjusted for inflation to 1232 on january 1 2021. 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.

The minimum wage for tipped workers is 628. 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. Keep in mind that counties cities and towns may have their own minimum wage laws.

The current colorado minimum wage from 2016 2020 is set by amendment 70 to the colorado constitution. Minimum wage for denver city employees will be 15 by 2021 denver city council unanimously approved a minimum wage increase to 15 an hour for city employees that will be phased in over several years. 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.

831 to 930 effective january 1 2017 next increase. The denver colorado minimum wage for instance is 1285 per hour and will increase to 1477 an hour on jan.