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LSAs: A Creative Way to Close Employee Skills Gaps

TalentCulture - Employee Benefits

As a result, 60% of individuals will require training before 2027 to continue performing well in the rapidly changing world of work. An LSA is an employer-funded account that enables employees to apply post- or pre-tax dollars toward the benefits they love most — including learning and development. That’s what organizations need.

Education 105
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AMERICAN RESCUE PLAN ACT CONTAINS MANY EMPLOYEE BENEFITS RELATED PROVISIONS

Benefits Notes

The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit. Below is a summary of the ARPA’s COBRA subsidy provisions. Changes to Code Section 162(m).