Washington State Lifelong Learning Accounts (LiLAs) provide a unique opportunity for employers and employees to work together to finance career-related education and training. LiLAs are employee –owned, employer-matched savings accounts. Co-investing makes education more affordable for both parties. The concept is similar to 401(K) retirements accounts, except LiLA funds are used for education and training.
LiLA Program Guidelines
Employer Forms
- Employer Registration Form
- Employer Letter of Agreement
- Employer Bank Application Form
- Federal W-9
Employee Registration Form
- Employee Enrollment Form
- Employee Letter of Agreement
- Employee Bank Application Form
- Payroll Deduction Authorization
- Career Development Plan
- Authorization for Withdrawal
- Authorization for Reimbursement
- Federal W - 9
As the cost for tuition, fees, books and supplies for education and training programs continues to increase, the need for continuing education to advance or stay current in one’s career is also escalating. LiLAs provide a practical savings solution.
Key components of the Washington State LiLA Program include:
- State-Wide Eligibility – All employees of businesses registered with the State of Washington or state or local government agencies are eligible to establish accounts.
- Voluntary Participation – Both employers and employees choose to participate.
- Portability – Accounts stay with the individual regardless of the person’s current employer or employment status.
- Informed Choice – Participants choose the education and training they need to meet their career goals based on the Career Development Plan they create with online or career advisor assistance.
- An Employer Match – LiLAs are funded through employee contributions which are matched by the employer. Additional contributions from third parties such as private foundations or public sector funding will help accounts grow.
- Options for Use of Funds – Once sufficient funds have been accumulated, participants can use their accounts to cover costs for a wide range of education and training opportunities. Eligible expenses include tuition and fees, supplies, equipment, materials and books for career-related educational activities which have been defined in the employee’s Career Development Plan. Activities are not limited to studies related to the employee’s current job or industry.
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