COLORADO – MyUI Employer+ Employer ACTION NEEDED
To complete Colorado’s transition over to the MyUI Employer+ website, employers will be required to provide Thomas & Company additional roles in order for us to adequately service your accounts. Our POA team will begin sending emails to employers with accounts in Colorado that includes detailed instructions on how to assign those roles.
OREGON – 2024 Taxable Wage Base and Tax Rates Increase, Paid Leave Contribution Rate Update
In 2024, the taxable wage base in Oregon will increase to $52,800, up 3.7% as compared to $50,900 in 2023. Additionally, the state announced that their tax rate schedule will move from Schedule II to Schedule III, which is a higher tax rate schedule for 2024. Based on Schedule III, tax rates will range from 0.9% to 5.4% with a new employer rate of 2.4%. This increase was driven by wage growth in 2022, which led to higher weekly benefit payouts in 2023.
Meanwhile, the Paid Leave Oregon contribution rate will be 1% of employee wages, applied to the first $168,600 of wages. Employers pay 40% of the required rate, while employees pay the remainder.
