Volunteer Firefighter Benefit Plan Proposed

Charles City discussed establishing a Length of Service Award Program using a tax-deferred benefit plan administered by Lincoln Financial for volunteer firefighters. The program would provide up to $500 per qualifying firefighter annually, with estimated costs ranging from $4,410 in the first year to $7,500 at full participation.

Scope & details

The full contract record, as filed.

Contract amount

Estimated first-year cost $4,410; maximum annual cost $7,500

Contract type

FINANCIAL_SERVICES

Contract term

Participants must meet annual point requirement for at least seven years to receive benefit

Document type

Minutes

Source document

Charles City Council Planning Session Minutes 2026-07-29

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Charles?

Lincoln Financial was awarded this financial services contract by City of Charles, as recorded on July 29, 2026. The contract value is Estimated first-year cost $4,410; maximum annual cost $7,500.

How much is the Lincoln Financial contract with City of Charles worth?

The Lincoln Financial contract with City of Charles is valued at Estimated first-year cost $4,410; maximum annual cost $7,500, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Charles City Council Planning Session Minutes 2026-07-29 (Minutes), dated July 29, 2026 from City of Charles. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Lincoln Financial hold?

Lincoln Financial may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Charles currently buying?

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