Employees may elect a deduction to save for the expenses of a family member’s post-secondary education. Family members are defined as grandparent, parent, child, or grandchild. The deductions are invested in a state-managed mutual fund. The investment income accumulates tax-free and the distributions are tax-free. The employee exercises control over the account. The employee can change the designated family member beneficiary and determines the timing and amount of withdrawals. The employee may even reclaim the funds, but there are tax penalties and fees.