City of East Moline Committee of the Whole Agenda Packet May 18 2026
City Funds Employee Life Insurance via IPPFA 115 Trust
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Description
The City of East Moline approved using a Section 115 Trust with IPPFA to fund $10,000 life insurance benefits for active employees. This action extends an existing retiree death benefit funding structure to active workers at no additional cost to the City.
Contract Details
Vendor
IPPFA
Agency
City of East Moline city, IL
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Renewal Info
Ongoing trust arrangement; no specific end date or renewal schedule stated in the resolution.
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City of East Moline Committee of the Whole Agenda Packet May 18 2026
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