City of Charles Awards Financial Services Contract to Lincoln Financial (August 2026)

Charles City is implementing a Length of Service Award Program under which contributions of up to $500 per qualifying volunteer firefighter will be deposited into a tax-deferred plan administered by Lincoln Financial. The program supports recruitment and retention, with estimated annual city costs up to $7,500 based on current staffing.

Scope & details

The full contract record, as filed.

Contract amount

Up to $7,500 annually

Contract type

FINANCIAL_SERVICES

Contract term

Ongoing LOSAP program; 7-year minimum participation for benefits

Renewal

Continuing benefit administration arrangement tied to LOSAP; program is ongoing with no fixed end date, and firefighters must meet point requirements for at least seven years to receive benefits.

Document type

Agenda

Source document

City of Charles City Agenda 2026-08-17

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 August 17, 2026. The contract value is Up to $7,500 annually.

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

The Lincoln Financial contract with City of Charles is valued at Up to $7,500 annually, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Charles City Agenda 2026-08-17 (Agenda), dated August 17, 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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