Colorado Law Expands and Clarifies Pay Transparency Requirements – On June 5, 2023, Colorado enacted a new law, Senate Bill (SB) 105, that expands pay transparency and related requirements under the Colorado Wage Equality Law. The new law is effective Jan. 1, 2024. Employers must make reasonable efforts to announce, post or otherwise make all job opportunities known to current employees before making a promotion decision. SB 105 also requires employers to provide current employees with information about the candidate selected for each job opportunity. Read more: Colorado Legal Update
Nevada Establishes Retirement Savings Program – On June 16, 2023, Senate Bill 305 became law, establishing the Nevada Employee Savings Trust Program. The law will require covered employers that do not already offer a retirement plan to their employees to enroll all covered employees in the program, which will be implemented by a Board of Trustees (the Board). Covered employers generally include those that employ more than 5 people in the state. Read more: Nevada Legal Update
