What are LiLAs?
LiLAs (Lifelong Learning Accounts) are individual asset accounts to finance lifelong learning so that workers can upgrade their skills and knowledge to achieve their career potential. We are working toward the goal of having any individual worker to be able to contribute funds to a LiLA account, which will then be matched by his/her employer and, in some cases, third parties. These combined contributions would be used for education and training and related activities for these incumbent workers, and would be portable. LiLAs differ from traditional job training programs in that they create systemic change in the way individuals can invest in their own futures, while leveraging employer involvement and investment. CAEL is working toward the goal of having LiLAs become a standard part of workers’ compensation packages, similar to a 401(k) or health insurance. 12. What is WorkforceChicago2.0? CAEL’s WorkforceChicago2.0 initiative was established in the interest of strengthening workers, co
