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Code of Colorado Regulations eDocket
Details of Tracking Number
2023-00674
CCR details
| Tracking Number |
2023-00674 |
| Type of Filing |
Permanent Rule |
| Department |
1100 Department of Labor and Employment |
| Agency |
1101 Division of Labor Standards and Statistics (Includes 1103 Series) |
| CCR Number |
7 CCR 1103-14 |
| CCR Title |
2024 PUBLICATION AND YEARLY CALCULATION OF ADJUSTED LABOR COMPENSATION (2024 PAY CALC) ORDER |
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Proposed rule
| Notice Filed with SOS |
09/29/2023 |
| Rule |
ProposedRuleAttach2023-00674.pdf |
| Additional Information |
AddInfoAttach2023-00674.pdf |
| Statutory Authority |
These Rules are issued under the authority, and as enforcement, of Section 15 of Article XVIII of the Colorado Constitution and Articles 1, 2, 4, 6, and 12 of C.R.S. Title 8 (2023), and are intended to be consistent with the State Administrative Procedure Act, C.R.S. § 24-4-101, et seq. |
| Description of Subjects/Issues |
Implementing the annual adjustment of the minimum wage, as mandated by the Colorado Constitution, and other related minimum wage and salary figures adjusted annually, and other non-substantive, technical amendments. |
| Purpose/Objective of Rule |
The PAY CALC Order publishes the inflation-adjusted and other annually updating values applied in the Colorado Overtime and Minimum Pay Standards (“COMPS”) Order, 7 CCR 1103-1.
Section 15 of Article XVIII of the Colorado Constitution requires that the minimum wage be “adjusted annually for cost of living increases, as measured by the Consumer Price Index [(‘CPI’)] used for Colorado[,]” since the 2020 minimum wage of $12.00 per hour. CPI values are calculated and published by the federal Bureau of Labor Statistics. Applying the mid-year 2023 to 2024 rise in the Denver-Aurora-Lakewood CPI (with the appropriate rounding of the 5.6% CPI increase and the minimum wage) yields a 2024 Colorado minimum wage of $14.42. (COMPS Order, 7 CCR 1103-1, Rule 8.9).
The PAY CALC Order updates not only minimum wage rates, but other values derived from those rates (Rules 1.2(A)-(C),(H),(I)). All inflation-based rates (Rules 1.2(D),(F)) are also updated based on the above inflation rate. The salary basis for exemption in Rule 1.2(E), applicable to certain COMPS Order exemptions, is updated to the value for 2024 first set forth in COMPS Order #36 (2020), which provided for phased-in exemption salary amounts. The highly compensated employee exemption salary, set at 2.25 times the exemption salary, is updated accordingly (Rule 1.2(G)).
The adopted rules also include various other technical or otherwise non-substantive changes where stakeholders suggested, and/or Division review found a need for, clarifications or corrections. |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00674.pdf
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| Submitted in response to issues raised by COLS/OLLS? |
No
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| Is this rule adopted in response to recent legislation? |
No
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| Hearing Date |
10/30/2023 |
| Hearing Time |
03:00 PM |
| Hearing Location |
(A) To Participate by Internet: meet.google.com/vmz-edgt-qvu (B) To Participate by Phone: (US) +1 252-424-0155‬‬‬, and then enter t |
| Contact Name |
Michael Primo |
| Contact Title |
Rule Coordinator |
| Contact Telephone |
3033188462 |
| Contact email |
michael.primo@state.co.us |
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Adopted rule
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